Hi there,
The price appears bullish on the H2 chart for the EURCHF, with the potential to move up to the 0.93708 resistance area. A successful break of that resistance could lead to a rise toward 0.94013 and 0.94584.
The bullish momentum is supported by the RSI at 51.38, which is above the 47.36 RSI-MA and stretching above the low of 0.93129.
It is noteworthy, nevertheless, that the RSI pressure at the low of 0.93288 is low in comparison to the resistance up ahead.
Happy trading,
K.
Not trading advice
The price appears bullish on the H2 chart for the EURCHF, with the potential to move up to the 0.93708 resistance area. A successful break of that resistance could lead to a rise toward 0.94013 and 0.94584.
The bullish momentum is supported by the RSI at 51.38, which is above the 47.36 RSI-MA and stretching above the low of 0.93129.
It is noteworthy, nevertheless, that the RSI pressure at the low of 0.93288 is low in comparison to the resistance up ahead.
Happy trading,
K.
Not trading advice
Trade closed manually
Right now, resistance strength is increasing. I enjoyed the analysis. It will finish where it wishes to go next month.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.