Pennant formation in EURCHF
This is my first analysis. I am newbie, so don't take it very seriously.
It seems that a pennant is forming in the weekly chart.
Moreover SMA50 crosses SMA100 at weekly chart.
SMA50 approaches prices at daily chart which mean a possible resistance level .
SMA10 approaches prices in weekly chart.
A previous pennant in May worked as well.
So, the price may go up as soon as it leaves its upper part. Target is 1.25.
It seems that a pennant is forming in the weekly chart.
Moreover SMA50 crosses SMA100 at weekly chart.
SMA50 approaches prices at daily chart which mean a possible resistance level .
SMA10 approaches prices in weekly chart.
A previous pennant in May worked as well.
So, the price may go up as soon as it leaves its upper part. Target is 1.25.
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