– 570 Points stop loss reached in EURCHF signal during the breakout attempt at the higher low zone of Uptrend line

EURCHF Analysis:

EURCHF has broken the top level of the Descending channel and now the market is retesting the broken channel line.

eurchf breakout and retest in the channel line

In another view, EURCHF is at the higher low level of an Uptrend line in the daily timeframe chart.

eurchf at the higher low level of uptrend line

EURCHF reached the SL price Reason: EURCHF has broken the recent lows with immediate sellers pressure due to unemployment rate change.

570 points stop loss reached un EURCHF

EURCHF is trying to break the higher low zone + Retesting the major support zone. However the breakout is not yet confirmed. But this higher low breakout attempt makes the market to reach the SL price. Reason: EURCHF has broken the recent lows with immediate sellers pressure due to unemployment rate change in Switzerland. Fundamentals drags the market down faster in short time. However, Technically EURCHF is still standing at the Major support zone (Old broken resistance acting now as a new support zone).

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