Tricky Friday presents us with EUR/CHF

Hey traders,

let’s hit the charts:

 

 

1. EUR/CHF

On the EUR/CHF, we can see a descending expanding channel and price is approaching a critical resistance level

On the daily time frame, price has hit a key support level and we may see price go further up and break resistance level 1.08719.

The only problem I foresee is:

Friday’s are pretty unpredictable and buyers in the market may not be that adventurous, so we may most likely see price return to support level 1.08050

 

What say you?

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