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novvoll12
Jun 27, 2022 12:19 AM

Buy EURCHF at 1.0120 for a short-term trade Long

Euro Fx/Swiss FrancFXCM

Description


EURCHF fell to a new low at 1.0050 last Friday (6/24/2022) before recovering.
As the RSI and MACD indicators formed positive divergence with the price lows (6/17 and 6/24 lows), and the pair is oversold, there is high likelihood that the pair will continue to recover into the 1.0215-1.0220 resistance areas.
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