Today I’m looking at the EUR/CHF pair. This minor pair bottomed out back in September, but its bullish momentum has been choppy so far. It’s been forming higher lows below the Ichimoku cloud, and so far, has had at least one failed attempt to find long-term bullish momentum after breaking above the daily Ichimoku cloud. The pair broke above the daily Ichimoku cloud again last week, and so far has been supported by the upper band of the Ichimoku cloud.
Now, yesterday, I looked at the EUR/USD pair and identified a potential bearish momentum. But here, with the EUR/CHF pair, we have a potential bullish momentum. This means, that the fate of each of these EUR cross pairs, may remain in the quote currency’s hands. In other words, if the CHF keeps getting weaker across the board, we could see the EUR/CHF bullish momentum gain track.
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