Right, Right , Right! EURCHF Stumbled across some solid support before reversing Bullish. As you can see Bulls have been in control for some days now.
Price is approaching a critical resistance zone ( the grey price level price is approaching) where we may potentially see price pullback which may also been seen as 'profit taking' .
Price has potential to retrace...
EURCHF nearing daily trend-line.
Support at 1.12000 psychological level.
RSI oversold on Daily timeframe and lower.
Bullish divergence on the 4hr timeframe.
EUR currently showing as weak while CHF appearing strong, indicating a possible change in momentum.
We can clearly see that FX:EURCHF is in the up-trend for 4 years.
Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback.
After a breakout price squeezed to fake out all early buyers.
Now we are in this triangle and, if we could get a push to up-side from this triangle then we...