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EUR/CHF Analysis and Trading Idea as of 01/06/2023

Analytics for EUR/CHF Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels

The general trend is downside. The Forex pair is traded in the range between 365 and 135 ЕМА. The resistance level of 0.9751 curbs the buyers. The ascending wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Sell at the breach of 0.9720.

Stop-Loss over the resistance level of 0.9751.

Target level 0.9675.

Author: GC
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