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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.0134, 1.0189, 1.0265

Key Support Levels: 1.0032, 1.0000, 0.9936

Daily Chart:

The price on the higher time frame has been in an uptrend after it reversed from the 0.9500 area and has continued the momentum. It broke a major resistance level of 0.9922 recently which shows clear 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. It broke a consolidation zone of 0.9936 and 1.0000 recently and the price has sustained above that. As of now the pair has also broken and retested another level of 1.0032 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.0069

TP @ 1.0116

Stop Loss @ 1.0022

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.

One comment

  1. Hi Pat i was wanting to know if we should close EUR/CHF

    Thanks Mike

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