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EUR/CHF 1H Chart: Ascending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/SEK 1H Chart: Channel Up Comment: There is a bullish pattern emerging in the hourly chart of EUR/SEK. However, we do not expect an immediate rally, being that the currency pair is currently trading right at the upper boundary of the pattern. Moreover, there is an additional formidable supply area nearby, namely 9.40, created by the January high, weekly R2, and daily R1. The near-term outlook is therefore bearish, and the price is expected to dip through the weekly R1 level towards the

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