EURCHF is breaking the descending triangle
On the EURCHF daily chart, we can see that the pair is testing the descending triangle 1.12000 breakout level. This break if made on a daily close basis could lead to a further downside extension into the 1.1100 level. Now only a daily close above the 1.1200 level would invalidate the downside break.
Note: look for the short trade entries with the stop loss above the 1.1200 levelÂ
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