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Jan 07, 2025

EURCHF: Counter-Trend Strategy!

EURCHF, H4

EURCHFH4.png

USDCHF is rising and breaching above the upper Bollinger Band.

The RSI oscillator is in the oversold zone, giving a Counter-trend strategy set up on the chart, with a good opportunity to short the asset!

  • Consider a short trade on EURCHF on a consolidation below 0.9420 with the target at 0.9400 and 0.9360.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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