The pair has been moving in a falling channel pattern from the past three months. Yesterday, the pair tested the 1.08230 support level for the third time and again took a bounce, ending the day with a long bullish candle and creating a morning star pattern. Moreover, the upliftment in the pair was supported by the divergence between the prices and the RSI...
EURCHF Nicly moving in the descending channel short when price touched trendline in lower timeframe right now it is in correction faze short term buying .
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support....
Midterm forecast: While the price is below the resistance 1.1500, beginning of downtrend is expected. We make sure when the support at 1.1320 breaks. If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis : A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s)...