EURCHF: A Great Pullback Trading Opportunity

EURCHF has recently broke out of its wide ascending triangle pattern and made a new high. Therefore, this makes the uptrend still very valid and we are looking to enter buy positions after a pullback.

As we forecasted in our previous EURCHF analysis, the price has retraced to the previous resistance level. Therefore, we will begin to prepare our buy entries.

Trading Roadmap:
We expect the price to consolidate at current level for a few days. We will carefully observe for a reversal pattern formation. After a breakout above the pattern, we will then set our buy entries at the neckline area to catch the retracement.

First target is set at the previous high of 1.0500 level.

Check out our recent pullback trading strategies below :)