EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.1085, 1.1117, 1.1151
Key Support Levels: 1.1036, 1.1007, 1.0984
The price on the higher time frame is trading inside a bullish flag formation where it shows that we are in a correction. So, the market posted an impulsive and then we are now in a middle of a retracement. We are expecting a new rally to the upside since the price is at the lower end of the flag pattern.
EUR/CHF Medium-Term Trend: Bullish
On the 4-hr time frame, the price was trading inside a bearish channel before managing to break it to the upside. A correction might be seen toward the strong support around the 1.1036 USD mark. This move could lead to a move upward to the 1.1083 USD level.
Buy Limit Order @ 1.1040
TP 1 @ 1.1083
TP 2 @ 1.1117
Stop Loss @ 1.1018
Trade Safely 🙂