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EURCHF 23 Aug 2023

EURCHF 23 Aug 2023 on the H4 timeframe, it can be seen that the pair continues to stay below the kumo cloud on the ichimoku indicator. It touched the S2 line at 0.95448 and then managed to reverse the trend to bullish and rose until now it is at 0.95534. If this pair is able to continue to strengthen and rise towards S1 then go-long can be an option for traders. Because if you look at the stochastic indicator shows a rising chart after being oversold in the previous session. But if this pair is unable to continue this bullish trend and turn back down, then go-short is an option. Keep an eye on market changes and movements before making trading decisions.

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