EURCHF 14 May 2024 on the weekly timeframe, shows that the pair managed to break out and break the Kumo Cloud and is at a price position of 0.98020. The pair is in a bullish trend that looks strong, supported by the Stochastic chart strengthening towards the 80 level. This indicates that the pair still has strong bullish momentum and is likely to continue its strengthening in the short term. Traders can take note of this bullish signal as a potential to look for long positions, but still need to do additional analysis to ensure stronger confirmation before opening positions. Good risk management is also required to manage potential losses.
