From my point of view I think EURCHF made a reversal and started to form higher highs and lower highs, so I expect the price to go lower a little bit to take liquidity brlow PWL (previous weekly low) and to reject from bullish orderblock around price level 1.02000 to start new expansion.
❗We can see how the price made an aggressive retracement this is due to the fact that Thomas Jordan, Swiss National Bank Chairman said that SNB is ready to intervene in the currency market and act if inflation strengthens, this is a hawkish affirmation, it means bullish CHF.
❗We can see how the price made an aggressive retracement this is due to the fact that Thomas Jordan, Swiss National Bank Chairman said that SNB is ready to intervene in the currency market and act if inflation strengthens, this is a hawkish affirmation, it means bullish CHF.
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