EURCHF: Cup & Handle Pattern
Updated
Fundamentals:
Yield Spread Differential Trade
Technicals:
Cup with Handle Pattern
Clear uptrend
Price above 200 ema
hammer and morning star at support.
pullback to 38% successful.
Monthly Open Support next to the 39% level
**negative, yet ignored: Daily and weekly MACD still negative. This is not important for this intraday trade.
Target: The Ukraine conflict-resolution failure price level = 1.04490
Yield Spread Differential Trade
Technicals:
Cup with Handle Pattern
Clear uptrend
Price above 200 ema
hammer and morning star at support.
pullback to 38% successful.
Monthly Open Support next to the 39% level
**negative, yet ignored: Daily and weekly MACD still negative. This is not important for this intraday trade.
Target: The Ukraine conflict-resolution failure price level = 1.04490
Trade closed: target reached
Trade closed: target reached
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