EUR/CHF Potential Downward Movement

EUR/CHF Long-Term Trend: Bearish

Key Resistance Levels: 1.11929, 1.12051, 1.12295

Key Support Levels: 1.11695, 1.11495, 1.11239

4-Hour Chart:

The price on the higher time frame has been in a downtrend and recently it tested a resistance level of 0.98177 and faced rejection. The pair has broken two support levels which suggests further trend continuation.

EUR/CHF Medium-Term Trend: Bearish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 0.97506 and 0.97250 and sustained below that. As of now the pair has broken and retested a minor level of 0.97197 before continuing the momentum.

Signal Idea:

Sell Limit Order @ 0.97114

TP @ 0.96992

Stop Loss @ 0.97236

Trade Safely 🙂