Ransquawk

EURCHF fell on Friday under horizontal support at the level of 1.1810. Today, however, the pair was close to the upward trend line that we are witnessing this year.It is important, therefore, how the price action will take place on the aforementioned trend line. If a price action signal appears during the test, the probability of continuing the trend and moving back to thehighs at 1.20 will increase. Alternatively, breaking the trend line would question the potential for further growth. Then you could also start looking for sell opportunities. The closest support for this scenario is visible around 1.1500. It was from there at the turn of February and March this year, the upward movement continued.

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Ransquawk