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Eurchfbreakout

EURCHF potential reversal! EURCHF expected to rise up to 1st resistance at 1.09128 where it could potentially react off and drop down to 1st support at 1.08651. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
#EURCHF Time for some Bullish action?We can clearly see that FX:EURCHF is in the up-trend for 4 years. Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback. After a breakout price squeezed to fake out all early buyers. Now we are in this triangle and, if we could get a push to up-side from this triangle then we should witness a nice bullish action -plus, we have a nice bullish divergence. Okay so summarizing following analysis, I believe EURCHF have nice bullish potential, so I'm going to buy this pair in this week. Let's go to work!
Long
by Jakubaszek