The price, having completed the Elliott 5th wave in the downtrend, found support in the historical support zone and exhibits an upward bias in the daily chart's candlestick movements.
Our initial targets align with levels corresponding to the trend line, but we anticipate the price to break the trend line in the medium term and further ascend. Particularly with the next ECB meeting, we might witness an upward movement in the Euro, and globally, with inflation starting to stabilize, there could be a gradual exit from the safe haven of the CHF.
Our initial targets align with levels corresponding to the trend line, but we anticipate the price to break the trend line in the medium term and further ascend. Particularly with the next ECB meeting, we might witness an upward movement in the Euro, and globally, with inflation starting to stabilize, there could be a gradual exit from the safe haven of the CHF.
Trade and Me App shares daily market analysis, BUY/SELL signals and market news.
Download For iPhone:
apps.apple.com/us/app/trade-and-me/id6447259901
Download for Android:
play.google.com/store/apps/details?id=com.tradeandme
Download For iPhone:
apps.apple.com/us/app/trade-and-me/id6447259901
Download for Android:
play.google.com/store/apps/details?id=com.tradeandme