After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR.
The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background
Resistance levels: 0.9738
Support levels: 0.9677
I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market.
Regards R. Linda!
トレード稼働中
コメント:
After correction, the fall may continue
コメント:
Continuing to hold
トレード稼働中:
The fall continues.
Price updates the local minimum
Price updates the local minimum
トレード稼働中:
The target can be achieved in the near future
トレード終了: 利益確定目標に到達:
トレード稼働中:
Waiting for 0.95 - 0.945
トレード終了: 利益確定目標に到達:
0.95 target achieved
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Falling