EURCHF, Daily
In the Daily timeframe, EURCHF broke the trend line after a long-term decline. Price is testing significant resistance, DeMarker is out of oversold condition, and Momentum is above 100.0.
- EURCHF may be considered to buy on further growth and consolidation above 0.9360 with targets to 0.9430 and further to 0.9490;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt
