Hello traders,
Can’t seem to get any other decent setup for the first day of March, but its all good, as traders we must always remember that quality is always better than quantity.
1. EUR/CHF
The bulls have consistently formed higher lows and higher highs, which makes the key resistance zone a candidate for a bullish breakout.
If the 200 ma and resistance zone gets broken at the close of the 7 pm candlestick, there is a huge possibility that price next bus stop will be NPRZ. However, if price reverses at this zone, and breaks the trendline serving as a support, price may revisit 0.98756
That said, I will stick to my bullish bias, and only buy if the resistance zone is broken
What say you?
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