EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9935, 0.9969, 0.9993
Key Support Levels: 0.9872, 0.9820, 0.9790
The price on the higher time frame was in a downtrend for some time and recently it reversed direction after finding support around the 0.9559 level. It has now broken a resistance level of 0.9795 which indicates a bullish bias.
EUR/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke a consolidation zone of 0.9743 and 0.9790 recently and sustained above that level. Recently it has also broken and retested a minor level of 0.9872 before continuing the momentum.
Buy Stop Order @ 0.9896
TP 1 @ 0.9929
TP 2 @ 0.9979
Stop Loss @ 0.9863
Trade Safely 🙂