Technical Analysis of Weekly Price Movement of EUR/CHF Cross Currency Pairs, Tuesday April 11, 2023.
April 11, 2023 6:22 am
If we look at the weekly chart of the EUR/CHF cross currency pair, it appears that a Bearish Continuation Bearish Flag pattern appears, followed by the appearance of Bearish 123 and Ross Hook (RH). Based on these facts, in the next 2 weeks, EUR/CHF has the potential to fall down to break down the Ross Hook level at 0.9705 if this level is successfully broken, then EUR/CHF has the potential to continue its decline to the level 0.9410 as long as it is on its way to the target level there is no upward correction movement which exceeds the 1.0096 level because if this level successfully broke upwards, all the reduction scenarios previously described will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the weekly chart of the EUR/CHF cross currency pair, it appears that a Bearish Continuation Bearish Flag pattern appears, followed by the appearance of Bearish 123 and Ross Hook (RH). Based on these facts, in the next 2 weeks, EUR/CHF has the potential to fall down to break down the Ross Hook level at 0.9705 if this level is successfully broken, then EUR/CHF has the potential to continue its decline to the level 0.9410 as long as it is on its way to the target level there is no upward correction movement which exceeds the 1.0096 level because if this level successfully broke upwards, all the reduction scenarios previously described will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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