Hello Traders ,
Price was trying to push higher retracing back towards resistance but came back sharply lower due to Bollinger Squeeze and minor channel upper band resistance ,
This is normal during consolidation and retracement after strong trend run as technical indicators don't give much space price to move freely ,
EURCHF is still in downtrend but retracement is not over till Minor ascending channel Holds,
Hence we recommend Buying on Dips ,
Please follow us for more ideas n updates..
Price was trying to push higher retracing back towards resistance but came back sharply lower due to Bollinger Squeeze and minor channel upper band resistance ,
This is normal during consolidation and retracement after strong trend run as technical indicators don't give much space price to move freely ,
EURCHF is still in downtrend but retracement is not over till Minor ascending channel Holds,
Hence we recommend Buying on Dips ,
Please follow us for more ideas n updates..