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Euro / Swiss Franc
Short

Possible scenario for EURCHF

53
looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further confirmation, it has to break its last HL and then make a proper LH. Right now the big picture indicates a bullish trend.
faisal-101
Parallel ChannelTrend AnalysisTrend Lines

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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.
Parallel ChannelTrend AnalysisTrend Lines
faisal-101

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.