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Eurchfidea

EURCHF possible long After breaking the corrective channel the pair seems to have found support again. Although it is not a very strong area of support we can see that this area has been rejected twice last month. RSI also seems to confirm that a bigger corrective move might be in the cards. On top of that the pair printed a doji yesterday. All those factors combined make me feel confident to take a counter trade with price probably recovering at least until the 1.119 area. Keep in mind it is a counter trade as the main trend is still bearish. We can see the same maybe a bit more clearly on the 4H chart
Long
by MicKi
1
#EURCHF Time for some Bullish action?We can clearly see that FX:EURCHF is in the up-trend for 4 years. Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback. After a breakout price squeezed to fake out all early buyers. Now we are in this triangle and, if we could get a push to up-side from this triangle then we should witness a nice bullish action -plus, we have a nice bullish divergence. Okay so summarizing following analysis, I believe EURCHF have nice bullish potential, so I'm going to buy this pair in this week. Let's go to work!
Long
by Jakubaszek