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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9935, 0.9969, 0.9993

Key Support Levels: 0.9872, 0.9820, 0.9790

Daily Chart:

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

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 0.9743 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. 

Signal Idea:

Buy Stop Order @ 0.9896

TP 1 @ 0.9929

TP 2 @ 0.9979

Stop Loss @ 0.9863

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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