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EURCHF analysis on the 4 hour timeframe: Live update

The 4 hour time is presented in this analysis covering over 3 months of price action in the EURCHF. The current active bearish trendline is indicated as well as immediate region of support i.e. between 1.12246 and 1.12489.

Eur chf chart, eurchf investing

Conservative entry into a long position involves waiting for price action to breach the 4 hour bearish trendline that is confirmed by momentum, while less conservative positions or entry into a long position involve waiting for 1.13066 to give way at which point a breakout above the current falling wedge would have been confirmed.

POI (Point of invalidation) for a possible long position is a price close below 1.12246 which = resumption of current downtrend.

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