EURCHF: Waiting For Breakout

2020-02-06 21:35:38

https://www.tradingview.com/x/LWUZFn9u/

EURCHF is close to a decision point.

1.073 is strong horizontal resistance and the market reaction on it matters for us.

in case of a bullish breakout of the horizontal resistance to the upside, the market will most likely go to the next resistance level 1.077.

in case of a bearish breakout of the wedge pattern to the downside, chances will be high that the pair will drop to retest the current low.

be patient and let the market decide.
then adjust your trading plan accordingly.

good luck!