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EURCHF is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 11 days.

A Rising Wedge pattern was identified on EURCHF at 0.94546, creating an expectation that it may move to the resistance line at 0.9511. It may break through that line and continue the bullish trend or it may reverse from that line.

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We expect a $9266 movement on S within 4 hours following the event release at 2025-01-23 23:30.

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If you’re short Nikkei 225 you should be aware of the rapidly approaching level of 40091.0000

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