Hi Traders! EURCHF Short Term Forecast Follow Up and Update

Recap of Previous Analysis

On December 13th, 2023 I shared a post on our blog titled “EURCHF Technical Analysis and Short Term Forecast”. In this post, I outlined my analysis of the EURCHF pair and provided a short term forecast. Now, let’s take a closer look at how this setup has developed since then.

When I posted my analysis, the H1 chart showed a strong bearish momentum in the EURCHF pair. I anticipated a continuation of this trend and recommended a short position. As we revisit this setup, we can see that the bearish momentum has indeed persisted, confirming my initial analysis.

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Now, let’s delve deeper into the current state of the EURCHF pair and how it may impact traders in the near future.

Impact on Me

Based on my analysis and the current trend in the EURCHF pair, I can expect my short position to continue to be profitable. I will closely monitor the market conditions and adjust my strategy accordingly to maximize my gains.

Impact on the World

The continued bearish momentum in the EURCHF pair may have broader implications for the forex market. Traders around the world who are following this pair may also be taking similar short positions, which could further drive down the value of the Euro against the Swiss Franc.

Conclusion

In conclusion, the EURCHF short term forecast has played out as expected, with the bearish momentum persisting in the market. As traders, it is important to stay updated on market conditions and adjust our strategies accordingly to capitalize on profitable opportunities.