EUR/CHF has been squeezed into a very narrow trading band between 1.0950 and 1.0900.
A break either side could set the direction of this pair for some time. Interestingly the 200 day sma falls right in the middle of the wedge.
As the price has been held under the 200 for several hours now, I favour a move to the downside.but we could move sideways for a while yet.
Any break of the wedge/flag could be aggressive.
A break either side could set the direction of this pair for some time. Interestingly the 200 day sma falls right in the middle of the wedge.
As the price has been held under the 200 for several hours now, I favour a move to the downside.but we could move sideways for a while yet.
Any break of the wedge/flag could be aggressive.