EURCHF is forming a reversal set-up. Against the backdrop of the global downtrend, this doesn't tell us much, but if the price overcomes the resistance, a quick trend reversal could be in order
TA on a high timeframe:
1) Strong bearish trend
2) Price continues to fall and test the bottom
3) Liquidity area that may be of interest to the market is above 0.96500
TA on the low timeframe:
1) A reversal setup is being formed relative to the 0.95987 level.
2) Consolidation between H&S base and 0.95897 support is possible, after which growth may follow
3) Bullish momentum may reach 0.96770 as this area is a global liquidity area.
Key supportđ: 0.95987
Key resistanceđ: 0.96500
TA on a high timeframe:
1) Strong bearish trend
2) Price continues to fall and test the bottom
3) Liquidity area that may be of interest to the market is above 0.96500
TA on the low timeframe:
1) A reversal setup is being formed relative to the 0.95987 level.
2) Consolidation between H&S base and 0.95897 support is possible, after which growth may follow
3) Bullish momentum may reach 0.96770 as this area is a global liquidity area.
Key supportđ: 0.95987
Key resistanceđ: 0.96500
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Trading TipsđĄ
Secrets ofđ
Analysisđ
Forecastsđ
FREE TELEGRAM:
đč Telegram channel: t.me/Go1dTech
đ My contact: t.me/GoldTech