EURCHF decline in a five-wave impulse pattern and also trading below the daily resistance zone.
Price is retracing the impulsive decline and has the potential to retest the resistance level. Look for the breakout of the counter trend line and the green level for sell trade confirmation.
The breach of the red line will invalidate the bearish outlook.
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Veejahbee.
Price is retracing the impulsive decline and has the potential to retest the resistance level. Look for the breakout of the counter trend line and the green level for sell trade confirmation.
The breach of the red line will invalidate the bearish outlook.
Do you like this analysis? Support it with your "like" and engage in the comment section.
Thank You!
Veejahbee.