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price has been in an upward trend. we could see price respect this rising trend. if it breaks next support is around 114-115, before another bullish move to the up side
possible head and shoulder pattern will see how this one plays out
price has been ranging for the previous weeks. i can see a rising wedge pattern. i was previously short after re-analysing i know predict for price to rise.
im taregting 1.12500 for 2018. clear bullish trend. the overall strength of the euro is much brighter than the dollar.
price is currently within a rising channel. i expect a pull back to the bottom of the trend before we head higher for a bullish 2018.
bearish flag pattern. divergence on the RSI on the daily. short
long position price has respected this rising trend
short on the dollar
bearish momentum building on this pair. price is creating this bearish channel.
price is forming a bearish flag pattern, also the SNB has stated the would like a weaker currency and the SNB have openly stated that the have and will intervene if necessary as they have openly done in the past to manipulate the value of the CHF .
long position on a strengthening USD. SNB has stated the the would like a lower CHF as it its currently overvalued
HL has been broken and i predict a bearish move, coupled with a brake of the 61.8 fib from june 2017 i predict that price action will fall towards the 38.2.
i can see a potential head & shoulder position forming. coupled with bearish divergence on the daily chart and possible bearish flag pattern coming into play.