EURCHF - BUY IDEA
The EURCHF chart suggests a potential long opportunity. After a five-wave decline, the pair seems to be in a corrective phase, possibly forming an ABC pattern. The price may retrace to the Fibonacci levels (0.618, 0.5, or 0.382) before reversing upwards to complete wave (c).
Consider entering a long position near these retracement levels with a stop-loss below the recent low. The target could be the completion of wave (c) near the previous high.
Consider entering a long position near these retracement levels with a stop-loss below the recent low. The target could be the completion of wave (c) near the previous high.
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