EURCHF PROBABLY POSITIVE FOR THE LONG TERM
EU Banks are rising. This can be seen in the Eurostoxx 600 Banks Index : BLK
Healthier banks indicate that the tensions over the Eurozone are waning.
This is positive for EURCHF
Our chart shows a large bullish divergence (dark black line rising against EURCHF). This means that the downtrend has exhausted.
The CCI is rising. The 200 days moving average is challenged.
We expect a bullish turnaround towards parity
STANCE : LONGhttps://www.tradingview.com/x/ZvLgfgNp/
Healthier banks indicate that the tensions over the Eurozone are waning.
This is positive for EURCHF
Our chart shows a large bullish divergence (dark black line rising against EURCHF). This means that the downtrend has exhausted.
The CCI is rising. The 200 days moving average is challenged.
We expect a bullish turnaround towards parity
STANCE : LONGhttps://www.tradingview.com/x/ZvLgfgNp/
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