Gold-Tech

๐Ÿ’ฑEURCHF - A triangle is formed. We wait for a bounce

ืœื•ื ื’
FX:EURCHF   ื™ื•ืจื• / ืคืจื ืง ืฉื•ื•ื™ืฆืจื™
EURCHF continues to decline and forms a pattern. a break in the support of which will form the continuation of the trend.

TA on a high timeframe:
1) A flat is forming. But, the price does not reach the resistance and continues to fall to the support.
2) The retest at 0.97505 might form a breakthrough, which will send the price to 0.97200.

TA on the low timeframe:
1) Within the triangle, the price drops to 0.97375. A retest of the figure support and subsequent pullback is possible. At the moment the price continues to form a pattern
2) Within the figure we may buy from support and sell from resistance.
3) I expect strengthening of the price from the support area till the retest, then from the upper border we will consider short set-ups

Key support๐Ÿ“‰: 0.97357
Key resistance๐Ÿ“ˆ: 0.97660

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