EUR/CHF Long-Term Trend: Bearish
Key Resistance Levels: 0.9608, 0.9663, 0.9719
Key Support Levels: 0.9535, 0.9497, 0.9454
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
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.
Sell Stop Order @ 0.9581
TP 1 @ 0.9539
TP 2 @ 0.9455
Stop Loss @ 0.9623
Trade Safely 🙂