EURCHF at Key Support: Will Buyers Step In?
EURCHF has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.94320 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
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Trade closed: target reached
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FREE Trading Signals: t.me/danielmtrading
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.