Euro / Franco Suíço

EURCHF Analysis 7:48am EET 01/08/2023

Looking at EURCHF this morning , noticed the fact that the previous day low or high wasn't taken yet , so taking into consideration the correlation between EURCHF and EURUSD, i came to the conclusion that the low is most probably to be taken first as this is what happend on EU. Currently the price formed 4 DOJIS on the H2 timeframe. On HTF the price performed a ChoCh reacting from an imbalance. Waiting to see what happens at London Session.

Aviso legal