EURCHF 24 Nov 2023 on the Weekly timeframe, the pair is still moving sideways between the S1 and S2 ranges. It has not managed to rise through the 23.6 Fibo level and is at a price position of 0.96399. Although it had experienced a bullish trend in the previous sessions, the pair had to experience bearish again when it touched the S1 line. If referring to the stochastic and the signal shown on the candlestick, it appears that the bearish trend will continue. Therefore, go-short could be an option for now. But on the other hand, if this pair is able and successful to turn things around and change the position to bullish to break S1, then go-long can be an option. Learn many indicators before making trading decisions.
