I've been long EURCHF for while, I have scaled out in my positions mostly but now the key pull back occurring is a very interesting area!
Technical Aspects:
Support: 1.09095, 1.08390, 1.07440, 1.06420 Resistance: 1.10295, 1.11490, 1.12685, 1.13605 Pattern: Smaller term, wedge. Longer term, channel. 200 EMA - Key resistance Zone 50 EMA - Key Support Zone
We are still bullish as long as we are still within this channel, if we go below 50 EMA bears will gain further control. Above 200 EMA area close we are going to next resistance are zones.
Have a great day ahead.
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