EURCHF: Consolidation & How to Trade It for FX:EURCHF by VasilyPonomarev

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trendanalysis chartpattern waveanalysis forex trading technicalanalysis euro swissfranc chf eur eurchf currencies

EURCHF is stuck between two horizontal structure levels.
it is a classic example of the indecision.

the best way to clarify the future direction of the market is to wait for the breakout of the range.

though It can be broken to both sides,
I am bullish biased on this pair and would trade only a bullish violation.

in case of an 8H candle close above the range, I would buy on a retest.
next goal would be 1.087

good luck

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about EURUSD 19

Comments

great analysis

the crisis is still going on, and the CHF is holding up well from now on. i am in buy GBPCHF long-term

Alex_master_forex

@Alex_master_forex, thank you for comment!

Hi.i am also bullish in eur/chf. I have entered long at 1.0650 .i have taken this trade as i saw bullish divergence at bottom.

Vinay4689

@Vinay4689, thank you for comment my friend!!!

Thank you for sharing!

ZahidHabib91

@ZahidHabib91, you are welcome bro)))

Thanks Vasily. I've no stance, but my instinct is bullish for all Euro pairs as a result of Eurobonds & better pandemic management on the continent. When the stock market dives, CHF could strengthen as a safe haven. :)

lmulhare

@lmulhare, you are welcome my friend!!!

Are you bullish or bearish on EURCHF?