EURCHF 29 Jan 2024 on the Daily timeframe. The pair was seen experiencing a trend reversal when it touched the S1 line after previously continuing to experience bullish that took it from the price position of 0.92819 to successfully reach the price of 0.94597 two weeks ago. Although the pair has now become bearish and dropped to 0.93639, it appears that the pair is trying to initiate a bullish trend. If the bullish trend continues back towards S1, then go-long could be an option for traders. But if the pair fails and bearish back towards S2, then go-short is an option. Keep an eye on market movements and consider all possibilities before making a trading decision.
