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EUR/CHF Potential Downward Movement

EUR/CHF Long-Term Trend: Bearish

Key Resistance Levels: 0.9532, 0.9581, 0.9678

Key Support Levels: 0.9401, 0.9341, 0.9286

Daily Chart:

The price on the higher time frame has been in a downtrend for some time and it has recently done a pullback. The pair faced resistance at the 0.9814 level and reversed from there. It has now broken a minor level of 0.9559 which indicates a bearish 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 recently broken a consolidation zone of 0.9678 and 0.9581 and sustained below that level. It has now broken and retested a minor level of 0.9532 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 0.9482

TP 1 @ 0.9422

TP 2 @ 0.9362

Stop Loss @ 0.9542

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.

2 comments

  1. Eurchf and usdcad super signals thanque to ur team 👍👍👍

  2. Can you please help me build a $50 account

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