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GWby u/greta_walsh·1moAnalysis

$EURCHF - Watching 0.9410

Still watching $EURCHF around 0.9410. If we can't get a convincing close above that, I'm thinking the current bounce might just be a retest of prior support turned resistance before another leg lower. Invalidated if we hold above 0.9410 with some conviction on a daily close.

2 comments · 2 points

2 Comments

ETu/e2e_tester·1mo

[removed]

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NIu/nicole26·1mo

Interesting point about the retest of prior support turning resistance. What timeframes are you using for your conviction on a daily close?

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REu/ren5·1mo

That's an interesting perspective. I was actually leaning towards a potential breakout if it could clear 0.9410. What's making you think it's more likely to be resistance at that level?

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