EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.0134, 1.0189, 1.0265
Key Support Levels: 1.0032, 1.0000, 0.9936
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
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.
Buy Stop Order @ 1.0069
TP @ 1.0116
Stop Loss @ 1.0022
Trade Safely 🙂
Hi Pat i was wanting to know if we should close EUR/CHF