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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.1118, 1.1162, 1.1183

Key Support Levels: 1.1009, 1.0977, 1.0917

Daily Chart:

The price on the daily time frame is forming a bullish flag formation, and it was rejected by the lower end of this pattern where the price found buyers which led to a move upward.

EUR/CHF Medium-Term Trend: Bullish

4-hour Chart:

On the 4-hr time frame, the price is facing a strong resistance around the 1.1035 USD mark. The pair most probably will break this level and retrace to it before moving all the way up toward the 1.1118 USD mark.

Signal Idea:

Buy Stop Order @ 1.1039

TP 1 @ 1.1113

TP 2 @ 1.1162

Stop Loss @ 1.1001

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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