EURCHF Wedge and Double Bottom
Updated
EURCHF Broke out from beautiful previous falling wedge and rejected once back again on 50MA and Resistance area only to come back down to find support and to make a double bottom.
Still the pattern is not validated as it did not break the neckline yet.
But the price made another falling wedge pattern and broke out from it.
There is a major resistance at fundamental level 0.97. If the price managed to break it established above it we may see further appreciation. Might break the neckline as well.
Still the pattern is not validated as it did not break the neckline yet.
But the price made another falling wedge pattern and broke out from it.
There is a major resistance at fundamental level 0.97. If the price managed to break it established above it we may see further appreciation. Might break the neckline as well.
Note
There is good daily divergence presence as well.
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