EURCHF is currently consolidating on daily support. The price is trading within a very narrow trading range on an hourly time frame.
For now, we got a perfect foundation for an inverted head and shoulders pattern: the price has already formed a left shoulder and head, and currently completing its right shoulder.
To buy wisely, wait for a bullish breakout of the underlined horizontal neckline with your stop at least below a right shoulder. It will confirm a coming bullish movement.
Goals will be: 1.0963 1.0975
In case of a bearish violation of a head level, setup will be invalid.
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