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EUR/CHF Potential Downward Movement

EUR/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.9608, 0.9663, 0.9719

Key Support Levels: 0.9535, 0.9497, 0.9454

Daily Chart:

The price on the higher time frame has been in a downtrend for the last few months and recently it did a pullback. The pair faced resistance at the 0.9814 level and reversed from there. It has also formed candle wicks that indicate signs of trend continuation.

EUR/CHF Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price has broken a small consolidation zone to the downside and has sustained below that. As of now it has also broken and retested a minor level of 0.9608 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.9581

TP 1 @ 0.9539

TP 2 @ 0.9455

Stop Loss @ 0.9623

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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