โจ"Analysis of the EURCHF Currency Pair"๐ก
Let's delve into the EURCHF currency pair together in the daily timeframe ๐ต๏ธโโ๏ธ๐ผ
We've been present in a long-term channel on the daily timeframe, oscillating until recently when we broke and lost this channel ๐โ
Following the break of this channel's ceiling, a bullish trend has commenced, reaching the weekly resistance at 0.96837, indicating a critical zone ๐๐ช
In the event of breaking this resistance and continuing the upward trend on lower timeframes, reaching the targets of 0.97635 and 0.98643 in the long term is plausible ๐ฏ๐ฐ
Moreover, in case of correction and retracement to the lost support and current support at 0.96243, we might anticipate a reaction and continue the upward trend ๐โฌ๏ธ
In the long term, steering clear of news and events and solely focusing on chart analysis will be our strategy for expecting the upward trend ๐๐
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.๐ผ โ ๏ธ
We've been present in a long-term channel on the daily timeframe, oscillating until recently when we broke and lost this channel ๐โ
Following the break of this channel's ceiling, a bullish trend has commenced, reaching the weekly resistance at 0.96837, indicating a critical zone ๐๐ช
In the event of breaking this resistance and continuing the upward trend on lower timeframes, reaching the targets of 0.97635 and 0.98643 in the long term is plausible ๐ฏ๐ฐ
Moreover, in case of correction and retracement to the lost support and current support at 0.96243, we might anticipate a reaction and continue the upward trend ๐โฌ๏ธ
In the long term, steering clear of news and events and solely focusing on chart analysis will be our strategy for expecting the upward trend ๐๐
Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.๐ผ โ ๏ธ