EURCHF has broken out of the prolonged and boring corrective structure which has lasted for more than 120 days, now we are presented with a strategic buy entry from here up to the trend line of the larger structure as the initial target.
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we will soon reach the top trend line shown in the chart.
ofcourse it's possible but if EURUSD is finally breaking than we should have very limited downside in EURCHF, I know for some analysts EURUSD is still within the corrective structure but I see it very much limited now and is about time we see further upside.
EURCHF is one of the pairs that I dont follow, so its very rare to me to look at it, but you call my attention, Im looking at it now and looks very good for me, I should take this trade, if I take I will publish and give you the credits.