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!
Operación activa
Comentarios:
After correction, the fall may continue
Comentarios:
Continuing to hold
Operación activa:
The fall continues.
Price updates the local minimum
Price updates the local minimum
Operación activa:
The target can be achieved in the near future
Operación cerrada: objetivo alcanzado:
Operación activa:
Waiting for 0.95 - 0.945
Operación cerrada: objetivo alcanzado:
0.95 target achieved
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Falling