EURCHF - Consolidation ahead of the rally

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EURCHF is forming a long squeeze amid a local uptrend. Bulls are trying to hold key support...

A long squeeze has formed. The market is not letting the price fall below 0.9150. Bulls are trying to keep the price within the current range, and a rise in the euro could provide an opportunity for a bullish run.
The market is breaking the local structure and beginning to build momentum.

Resistance levels: 0.9162, 0.9178, 0.92
Support levels: 0.915


A long squeeze following a sharp drop could be a liquidity-hunting pattern ahead of a reversal. If the bulls hold the price above 0.915–0.9162, this could support a rise to 0.92–0.924 in the medium term

Best regards, R. Linda!

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