😮🌟Technical outlook:
EURCHF bullish scenario:
In this pair we have technical figure Triangle. The Triangle has broken through the resistance line at 25/11/2020. Forming a bullish formation on a daily chart. If price holds above this level we will have possible bullish price movement with forecast for the next 101 days with target 1.0971. Our stop loss order should be placed at 1.0660 if we decide to enter this position.
😮👆🌟Fundamentals:
- The initial optimism that followed the positive vaccine news at the start of last week brought a collective sigh of relief from the global population. The improvement in risk appetite led to a sharp upward adjustment in the value of the EUR/CHF. Additionally, the Swiss National Bank (SNB) maintains a policy of FX intervention.
EURCHF bullish scenario:
In this pair we have technical figure Triangle. The Triangle has broken through the resistance line at 25/11/2020. Forming a bullish formation on a daily chart. If price holds above this level we will have possible bullish price movement with forecast for the next 101 days with target 1.0971. Our stop loss order should be placed at 1.0660 if we decide to enter this position.
😮👆🌟Fundamentals:
- The initial optimism that followed the positive vaccine news at the start of last week brought a collective sigh of relief from the global population. The improvement in risk appetite led to a sharp upward adjustment in the value of the EUR/CHF. Additionally, the Swiss National Bank (SNB) maintains a policy of FX intervention.