EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9870, 0.9933, 0.9978

Key Support Levels: 0.9790, 0.9743, 0.9708

Daily Chart:

The price on the higher time frame was in a downtrend and recently it reversed direction after finding support at the 0.9559 level. It made a few rejection wicks and bounced back. The pair has also broken a minor level of 0.9795 which shows a bullish trend.

EUR/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke a consolidation zone of 0.9660 and 0.9708 after trading in that range for some time. It has now also broken and retested a minor level of 0.9790 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9822

TP 1 @ 0.9865

TP 2 @ 0.9930

Stop Loss @ 0.9779

Trade Safely 🙂