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 🙂