KeytoMarkets
Long

EURCHF: formation of a double bottom pattern

FX:EURCHF   Euro / Swiss Franc
The cross traced out a near-term bottom near 1.1185 in Sep 2018 -Jan 2019 via the formation of a double bottom pattern. While holding 1.1200/1.1185 watch out for 1.1275, 1.1310 and 1.1340 in an extension.
The flip side, if close below the double bottom could retrace further towards 1.1100-1.1050. On medium-term perspective, dip buying between 1.1100-1.1000 using sl below 1.0900 its 161.8 fe (1.1500-1.1220-1.1350. Targets at 1.1200, 1.1350 and 1.1500.
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