EURCHF Range Provides Buy Opportunity

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EURCHF Forecast And Technical Analysis

Hi Traders! EURCHF range provides buy opportunity for us. A detailed analysis of this bullish setup is as follows:

EURCHF D1 Chart:

On the daily chart the price is moving inside a range, the price which is respecting the support and resistance zones so far is currently nearing the bottom of this range. If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again. We may now look for evidences of bullish pressure on lower timeframes in order to join the bulls.

EURCHF Range Provides Buy Opportunity

 

EURCHF H1 Chart:

On the H1 chart we have a bullish divergence that has formed which we may consider as an evidence of bullish pressure. We may now look for bullish setups in order to start looking for the buys.EURCHF Range Provides Buy OpportunityNote: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.

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Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

 

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