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Aug 1, 2023 2:24 PM

EURCHF Possible breakout Long

Euro Fx/Swiss FrancFXCM

Description

EUR/CHF has formed an inverse head and shoulders pattern on the 4-hour chart, indicating a potential bullish reversal. The breakout above the pattern's neckline confirms the trend change. Traders should monitor the price closely for sustained upward movement and consider entering long positions with appropriate risk management strategies.
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