EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.94515, 0.95027, 0.95468

Key Support Levels: 0.93525, 0.93083, 0.92566 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a major support level of 0.92566 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 broke the recent market structure to shift the medium-term trend and has sustained above that. As of now the pair has broken and retested a minor level of 0.93525 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.93987

TP @ 0.94467

Stop Loss @ 0.93506

Trade Safely 🙂