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 🙂