EUR/CHF new resistance – new bullish trend in the making?

EUR/CHF new resistance – new bullish trend in the making?

The EUR/CHF has moved lower since November 2019 and for now it seems like the price has bottomed above 1.05.

Last week’s bullish push confirmed a new resistance at 1.065 and price failed to break through it for now.

However, price action feels increasingly bullish as price can’t trade back into the lows. A break above 1.065 may even start a new bullish trend.

 

 

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