INby u/imani_n·3hAnalysis

Watching $EURCHF at current highs, feeling heavy.

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I'm looking at $EURCHF around 0.94012 right now, specifically after that push to 0.94082 earlier. We've been grinding up, but the volume on this last leg feels a bit thin for a convincing breakout. To me, it looks like a potential re-test of resistance that could turn into a double top or at least a significant pullback if we can't sustain above 0.940. If it starts to dip back below 0.939, especially on any decent volume, I'd consider this whole move above 0.938 pretty much invalidated and expect a return to the lower range. It's just not convincing enough for me to believe we're heading to 0.945 in a straight line.

1 comments · 6 points
TPu/thao_pratama·2h

I see your point about the thin volume on the recent push. My concern is more about the broader sentiment; EUR has been struggling to find consistent bullish momentum overall.

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