EURCHF Potential bullish rise | 17th Mar 2022
With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our take profit at 1.04445 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from entry at 1.0323 in line with the 50% Fibonacci retracement.
Alternatively, price may break our entry structure and head for stop loss area at 1.01936 where the horizontal swing low support is.
Alternatively, price may break our entry structure and head for stop loss area at 1.01936 where the horizontal swing low support is.
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