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 🙂