EURCHF - Are We Seeing A Change In The Trend?!Analysis:
Bullish Confluences
Recent upwards trend
Recent breakout of longer term downwards trend
Failed to put in a lower low and instead put in a higher high
Retesting an area of significance
Fib retracement "golden zone"
Previous downwards trendline retest for support
The EUR is the 2nd strongest major currency whereas the CHF is the 4th weakest major currency
1K long position decrease for the CHF
6K short position increase for the CHF
Recent CHF news has been bearish
Bearish Confluences
20K short position increase for the EUR
Stay Safe - The JPI Team
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