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EUR/CHF Potential Sell Trade

EUR/CHF Long-Term Trend: Bearish

Key Resistance Levels: 1.1004, 1.1040, 1.1056

Key Support Levels: 1.0951, 1.0934, 1.0898

Daily Chart:

The EUR/CHF is trading with a bearish bias at 1.0954 level, and it has formed a downward channel on the daily timeframe. On the lower side, the pair can find support at 1.0941 level and resistance around 1.0966. The EUR/CHF has recently formed a bearish engulfing pattern on the daily chart; thus, we may have an excellent sell trade here.

EUR/CHF Medium-Term Trend: Sell

1-hour Chart:

The EUR/CHF pair is closing candles below an immediate resistance area of 1.0966 level on the hourly chart. The upward channel has already been violated, and the support level of 1.0966 level is now working as a resistance. Let’s take sell trades below this area now.

Signal Idea:

Sell Order @ 1.09559

TP 1 @ 1.0928

TP 2 @ 1.0885

Stop Loss @ 1.0988

Trade Safely 🙂

About Ali B.

Live Webinar Speaker & Derivatives (Forex, Commodities, and Indices) Analyst with the broad range of skills for evaluating financial data. Expert in investment trends, technical analysis, fundamental analysis, market sentiments, and trading psychology.

3 comments

  1. Is the Sell Order @1.09559 written error? sorry but that was not alright for me.
    Btw, is the sell order above same as Sell Stop?

    • Dear Fad,

      The entry is fine, please make sure you are referring to EIR/CHF pair.
      Sell Order is instant sell trade.
      Sell Stop is pending order.

  2. Hi, I would like to ask if you have a forex trade copy service whereby your placed trade is being copied directly into another trading platform or it’s something you are looking forward to doing in the nearest future.

    Best Regards,

    Rasheed.

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