EURCHF is trying to record its eighth consecutive green candle since the January 31 trough. It is now testing the resistance set by the June 9, 2022 downward sloping trendline and the upper boundary of a contracting triangle developing since mid-December 2023. This structure is the result of a series of lower highs and higher lows, and declining volatility. In the meantime, the momentum indicators are supporting the current upleg. In more detail, the Average Directional Movement Index (ADX) is trying to edge higher in order to signal a strong bullish trend, but the D+ indicator remains stuck below its 25-midpoint. ... (full story)