EUR CHF - Daily. We feel the pair has broken out of Downtrend as lower highs has been broken. However, still it cant be said that the pair is in uptrend. Prices are reversing from the resistance zone. Will have to wait till the breakout above Resistance Zone for saying that the pair is in uptrend.
Comment:
As suspected, prices reversed from the resistance zone. Now will have to wait and see whether it holds its current support.
Comment:
Expecting a breakout of Resistance Zone now. But not initiating any trade unless we get a breakout.