JKibbler

ONE TO WATCH EURCHF

FX:EURCHF   Euro Fx/Swiss Franc
Since January 2015 the EURCHF             has been in a somewhat dormant bullish trend , with some dips and sideways movement, however there hasn't really been a sign of a definitive trend.

We had some potential signs of a bullish trend in July 2015 with a breakout of the range (highlighted by the rectangle to the left. We had a re-test of the range and then a further move signifying a potential long move. Unfortunately price touched the 1.09800 area (highlighted by the 2nd blue line) and could not break it, creating a sideways market.

Now recently we have just seen a breakout from the range again and hopefully we can get a breakout of the 1.09800 area and a clear close on the WEEKLY time frame confirming the breakout and new highs.

If this happens I would seriously consider monitoring price action around the small rectangle to take this position LONG as previous structure is considerably above at 1.20000.

LETS KEEP AN EYE ON THIS ONE
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