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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.97906, 0.98098, 0.98409

Key Support Levels: 0.97541, 0.97018, 0.96823

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it swept liquidity at a major support level of 0.96469 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

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 recently broke a consolidation zone of 0.96823 and 0.97018 and has sustained above that. As of now the pair has broken and retested a minor level of 0.97541 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 0.97709

TP @ 0.97885

Stop Loss @ 0.97513

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. Thank you for this valuable information

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