Anticipating EURCHF Upside Breach For The Week Ahead
This is a key pair that I'm watching for the week ahead. There are a few price action details that I've labelled accordingly.
1. Great reaction showing that price is unable to trade below 1.0366.
2. Price tested and experienced a weak selloff against the 1.03975 level.
3. Really strong bullish bar indicating that this selloff remains weak.
4. Price drift to the downside, which further gives us an upside bias.
1. Great reaction showing that price is unable to trade below 1.0366.
2. Price tested and experienced a weak selloff against the 1.03975 level.
3. Really strong bullish bar indicating that this selloff remains weak.
4. Price drift to the downside, which further gives us an upside bias.
Comment:
Caught a good initial push, but momentum is at risk of dying down. If the following level breaches, reversal may be underway.
