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.
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This is how the daily chart looks like.
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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.