Analysing the weekly chart on Eurchf, it has been in a bearish trend since April 2018. With uncertainty regarding brexit, euro has been declining for a long amount of period, where we can see that it has reached a peak, an oversold market. In the next few weeks, Euro is expected to gain strength through monetary policies and manufacturing Pmi.
Another POV, on the weekly chart, possible formation of head and shoulders or a breakthrough to create an uptrend, breaking 1.20033. Look for buys in current price.
Target is 429 pip. However tp3 covers 542 PIPS.
Another POV, on the weekly chart, possible formation of head and shoulders or a breakthrough to create an uptrend, breaking 1.20033. Look for buys in current price.
Target is 429 pip. However tp3 covers 542 PIPS.