EURCHF Buy opportunity a little lower.

26 apr 2023

The EURCHF pair is now trading below the 1D MA200 (orange trend-line) for the 5th straight day. This is a downtrend that started after the March 23 High. We are looking to buy lower near Support 1 (0.972500) assuming the 1D candle closes above it and target the September 2021 Lower Highs trend-line at 0.99000.

If it closes a 1D candle under Support 1, we will book the loss and take a sell position instead targeting Support 2 at 0.966500.


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