EURCHF: Buy opportunity at the bottom of the 1 year Channel Down

5 Jan

EURCHF has turned bearish on the 1D time-frame (RSI = 31.608, MACD = -0.007, ADX = 35.082) but reached the bottom of the 1 year Channel Down pattern. Considering that the 1D RSI got oversold last week and rebounded above 30.000 this week, this constitutes a technical buy opportunity. We are aiming for the 1D MA50 (TP = 0.94500).

See how our prior idea has worked:

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##