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Forexsouthafrica

Swiss Franc to R23.70 in 2024? InsaneAs we know. The rich get richer. The poor get poorer. Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc. We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up. This conservative entry is where all the demand and buying kicked in for the CHF. So with the price above 200MA and with the upside momentum with CHF, we could see the target at R23.73
Long
by Timonrosso
EURCHF possible scenariosIt seems like price is above a strong 4h and daily support,forming a lot of shadows on this red zone,but also price is trapped in a flag pattern where it is respecting the 4h trendline so before placing any sell i would like to see the price break the red zone and retest it befor e planning a sell and if i m going to take a buy ima wait till price break the 4h trendline and do a retest on the 23>5 4h fib before buying it..so for now we just gonna watch it
by Forex_Society