✨ NEW: EURCHF ✨ UT SWING ✨

-SL @ 1.0100 🚫 (conservative)
-SL @ 1.0080 🚫 (aggressive)
SLO @ 1.0025 ⏳
TP5 @ 1.0000 (closing ALL Buy Positions)
TP4 @ 0.9950 (shaving)
TP3 @ 0.9830 (shaving)
TP2 @ 0.9755 (shaving)
TP1 @ 0.9640 (shaving)
BLO1 @ 0.9490 ⏳
BLO2 @ 0.9465 ⏳
-SL @ 0.9430 🚫(aggressive)
-SL @ 0.9400 🚫 (conservative)

CURVE ANALYSIS
Based on the 1-day timeframe, the EURCHF curve analysis is still bearish (TEMPORARILY). The Swiss National Bank (SNB) has been keeping interest rates low, which makes the Swiss franc an attractive haven currency. This has been putting downward pressure on the euro. The price has been trending downward since August 11, 2023, and the RSI indicator is approaching oversold levels.

However, Price Action has entered the Demand Zone, which suggests that IN THE NEAR FUTURE the EURCHF is likely to experience a trend change to the upside:
— The price has been trading above the 200-day moving average for the past few days.
— The MACD indicator has crossed above the signal line.
— The RSI indicator is in the oversold territory.