EURCHF after getting rejected by the key support level at 1.03800 and showing great momentum to the bulls is now seen showing better momentum to the bears by forming head and shoulders on the daily timeframe and a potential head and shoulders on the 4HR timeframe. looking at today's candle we can see bears really in the market and a close 1.03900 will be a great indication to see more move to the downside putting stop loss above the right shoulder on the 4HR timeframe and to at 1.02410.
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