EUR/CHF Long-Term Trend: Bearish
Key Resistance Levels: 1.0289, 1.0330, 1.0382
Key Support Levels: 1.0170, 1.0103, 1.0047
The price on the higher time frame has been in a downtrend for months and recently it did a pullback and faced resistance at the 1.0507 level and reversed. The pair has then broken the support level of 1.0328 and continued the downtrend momentum.
EUR/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke the support level of 1.0330 and sustained below that. As of now, the pair has broken a trendline and retested it before continuing the trend.
Sell Stop Order @ 1.0241
TP 1 @ 1.0178
TP 2 @ 1.0115
Stop Loss @ 1.0304
Trade Safely 🙂