EURCHF has turned bearish on the 1D time-frame (RSI = 31.608, MACD = -0.007, ADX = 35.082) but reached the bottom of the 1 year Channel Down pattern. Considering that the 1D RSI got oversold last week and rebounded above 30.000 this week, this constitutes a technical buy opportunity. We are aiming for the 1D MA50 (TP = 0.94500).
See how our prior idea has worked:
## If you like our free content follow our profile to get more daily ideas. ##
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.