EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.02598, 1.03040, 1.03500.

Key Support Levels: 1.02083, 1.01401, 1.00907.

Daily Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.

EUR/CHF Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 1.02154

Target Profit 1 @ 1.02598

Target Profit 2 @ 1.03040

Stop Loss @ 1.01710

Trade Safely 🙂