EURCHF 13 Nov 2023 on Weekly timeframe. This pair looks still unable to break back through S1. Still below the kumo cloud on the ichimoku indicator indicates that bearishness is still experienced by this pair. Although it seems that this pair has initiated bullish since last week, If this pair is able to continue the bullish trend and then break S1 towards R1, then go-long can be an option for traders. However, if there is a trend reversal when the pair touches S1, and bounces down towards S2, then go-short is again an option. Keep an eye on volatile market movements before making trading decisions.
