Potential Trend Reversal on EURCHF
Looking at EurChf, we could be seeing a potential buy setup form. Price is having trouble breaking the weekly significant level after multiple attempts to wipe it out. A weekly non-horizontal support level is also identified for confluence that a bullish push may be in sight.
If price could manage to break the daily resistance level and pullback with a retest as support, I would wait for some bullish confirmation before placing a buy entry. I'll wait to see if this ends up playing out.
If price could manage to break the daily resistance level and pullback with a retest as support, I would wait for some bullish confirmation before placing a buy entry. I'll wait to see if this ends up playing out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.