EURCHF - New Scenario

27 Eyl 2020

After this pair broke the descending daily trend line we began to see price bounce between a small ascending channel. The structure has now shifted from a downtrend to a potential uptrend on the lower time frames indicating the start of a potential bullish move. Our first target would be the top trend line of the channel but if price manages to break that the possibilities are endless.

COT Data - 72% Short