From my point of view I think EURCHF made a reversal and started to form higher highs and lower highs, so I expect the price to go lower a little bit to take liquidity brlow PWL (previous weekly low) and to reject from bullish orderblock around price level 1.02000 to start new expansion.
❗We can see how the price made an aggressive retracement this is due to the fact that Thomas Jordan, Swiss National Bank Chairman said that SNB is ready to intervene in the currency market and act if inflation strengthens, this is a hawkish affirmation, it means bullish CHF.
❗We can see how the price made an aggressive retracement this is due to the fact that Thomas Jordan, Swiss National Bank Chairman said that SNB is ready to intervene in the currency market and act if inflation strengthens, this is a hawkish affirmation, it means bullish CHF.
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❗️Check out my telegram channel with premium content.
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🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
t.me/Snick3rSD1
🌶 SpiceProp has 5% discount for any challenge.
🎁 Discount Code - SNICK5
💵 NPBFX broker - 100% deposit bonus -best trading conditions.
nmaffen.com/c1mp99nemznd
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.