Selloff season for the Euro, let see how long it lasts.
As shown on the chart, the EURCHF has broken out of a rising wedge, leading to more downward movement. 1D candle has just popped out, so I strongly recommend waiting for a retrancement and selling once there's clear confirmation.
As shown on the chart, the EURCHF has broken out of a rising wedge, leading to more downward movement. 1D candle has just popped out, so I strongly recommend waiting for a retrancement and selling once there's clear confirmation.
Note
This is how the daily chart looks like.Note
The trade is still valid. The Euro wants to retest the previously broken trend line as it was said before, but once it bounces back down and give us a clear confirmation, we're in for the kill.
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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.