💱EURCHF - A triangle is formed. We wait for a bounce

7 thg 7, 2023

EURCHF continues to decline and forms a pattern. a break in the support of which will form the continuation of the trend.

TA on a high timeframe:
1) A flat is forming. But, the price does not reach the resistance and continues to fall to the support.
2) The retest at 0.97505 might form a breakthrough, which will send the price to 0.97200.

TA on the low timeframe:
1) Within the triangle, the price drops to 0.97375. A retest of the figure support and subsequent pullback is possible. At the moment the price continues to form a pattern
2) Within the figure we may buy from support and sell from resistance.
3) I expect strengthening of the price from the support area till the retest, then from the upper border we will consider short set-ups

Key support📉: 0.97357
Key resistance📈: 0.97660