massiveDove68719

EURCHF bullish or BEARISH ahead ECB decisions and SNB decision??

FX:EURCHF   Euro / Swiss Franc
so to make things clear even tho all the latest indications and market economics would say this pair needs to be bullish I would say this pair is generally bearish and a slight price increase through yesterday and now at the beginning of the day indicates not bullish potential but bull weakness! so we should wait if the price reaches back to 0.94470 and from there we could expect price searching for new lows or take profit at 0.93990 price level !

BUT IF PRICE NEVER REACHES THE LEVEL 0.94470 you can stay in bull position and hold bullish position all the wayy untill price reeaches 0.98000
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.