EURCHF: Structure Analysis
The price broke out of 0.9690 showing strong bullish volume.
This movement was also supported by the SNB, which decreased interest rates last week, thus being the first central bank to start the cycle of lowering interest rates.
This decision created a bearish wave in CHF pairs.
The price may therefore be ready for another bullish move soon.
You may find more details in the chart!
Thank you and Good Luck!
The price broke out of 0.9690 showing strong bullish volume.
This movement was also supported by the SNB, which decreased interest rates last week, thus being the first central bank to start the cycle of lowering interest rates.
This decision created a bearish wave in CHF pairs.
The price may therefore be ready for another bullish move soon.
You may find more details in the chart!
Thank you and Good Luck!
Commento:
EURCHF +118 pips move since when it was posted
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