Breakout on EURCHF
There is a very nice downtrend on the hourly chart from the end of April.
We can see price slowing down, weaker lower lows and even a breakout of resistance.
We already have a break above previous high, which gives us a signal for an upside move.
Usually the EURCHF pair isn't known for making big moves, but if we are looking for percentage gain,
then it doesn't matter how many pips of a move we have, as long as our analysis is correct.
The first target is 1.1015, and in case of a breakout we will see market reaching 1.1065!
We can see price slowing down, weaker lower lows and even a breakout of resistance.
We already have a break above previous high, which gives us a signal for an upside move.
Usually the EURCHF pair isn't known for making big moves, but if we are looking for percentage gain,
then it doesn't matter how many pips of a move we have, as long as our analysis is correct.
The first target is 1.1015, and in case of a breakout we will see market reaching 1.1065!
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