years on the market

EURCHF analysis 03.02.2020

The currency pair is trading in a descending price channel (H4 timeframe). At the same time, a second bullish divergence is likely to form on Awesome Oscillator indicator. The support level of 1.0665 is holding back sellers.

Trading recommendations:

Buy while an ascending 123 pattern is forming, strictly after breaking through the upper border of the descending price channel.

Stop loss under the support level 1.0665.

Target levels: 1.0750; 1.0780; 1.0820.

Other reviews

Choose your language