Long EURCHF
Interesting setup on EURCHF
Technically :
- we can see that the buyers had managed to break the trendline, but they failed on the resistance.
The price is currently on resistance again.
- We can see a nice triple bottom with upward RSI divergence.
A break of resistance with a retest could offer good buying opportunities.
Fundamentally: unlike inflation in Switzerland, which is at 2.2%, the ECB is continuing to signal its intention to continue raising rates. With inflation certainly falling, but still at over 6%.
Technically :
- we can see that the buyers had managed to break the trendline, but they failed on the resistance.
The price is currently on resistance again.
- We can see a nice triple bottom with upward RSI divergence.
A break of resistance with a retest could offer good buying opportunities.
Fundamentally: unlike inflation in Switzerland, which is at 2.2%, the ECB is continuing to signal its intention to continue raising rates. With inflation certainly falling, but still at over 6%.
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