Possible long position on EUR/CHF.

FX:EURCHF   Euro / Swiss Franc
84 0
-Looks like the short term downward movement is losing momentum.
-Waiting for retest of the resistance point and if the pair breaks through it then I'm considering a long position.
-Overall RSI trend shows bullish momentum which is why I'm considering the downtrend to run out of momentum.
-Also a bullish engulfing occurred after the retest of the resistance.
-Wait for European session
Trade closed: target reached:
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