Technical Analysis of Weekly Price Movement of EUR/CHF Cross Currency Pairs, Tuesday May 9 2023.
May 9, 2023 5:23 am
On the weekly chart, EUR/CHF Cross Currency Pairs seems trying to go down to the support level formed from its weekly Bullish Orderblock at the level 0,9714 where if this level strong enough to halt the rate of the decline from EUR/CHF and as long as the decline does not fall beyond the level of 0.9566 then EUR/CHF in the next few weeks will again appreciate the rally up to the 1.0096 level as the first target and the 1.0514 level as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the weekly chart, EUR/CHF Cross Currency Pairs seems trying to go down to the support level formed from its weekly Bullish Orderblock at the level 0,9714 where if this level strong enough to halt the rate of the decline from EUR/CHF and as long as the decline does not fall beyond the level of 0.9566 then EUR/CHF in the next few weeks will again appreciate the rally up to the 1.0096 level as the first target and the 1.0514 level as the second target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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