EUR/CHF is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

EUR/CHF - getting close to resistance of a Rising Wedge
EUR/CHF was identified at around 0.93824 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.9422 level.

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