EUR/CHF has captured the attention of market participants with its hourly ADX(14) hurdling above the 50 level.
Accordingly to the ADX indicator, EUR/CHF has surged above the key 50 level in a technical event that threatens the potential for its price action to remain constructive. Such a strong move encourages bulls to pile in, likely positioning stops close to the market to lock in profit. This may have the opposite effect of a squeeze, driving the prices lower to find less impulsive buyers.
|1.0946632623672 ||1.0951066017150 ||1.0955632925033 ||1.0964633226394 ||1.0969066619873 ||1.0973633527755 |
|Trend Index||OB/OS Index|
| Bullish || Neutral |