EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.0927, 1.0956, 1.1000

Key Support Levels: 1.0869, 1.0838, 1.0820

Daily Chart:

The price on the daily time frame is trending to the downside until it failed to probe below the 1.0869 USD support. This could lead to a reversal especially that the price posted a bullish engulfing pattern around this mark.

EUR/CHF Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hour time frame, the price succeeded to break the bearish channel to the upside by posting an inverse head and shoulders.  A lower correction might be seen to the highlighted zone before a rally to the target profit.

Signal Idea:

Buy Limit Order @ 1.0899

TP 1 @ 1.0926

TP 2 @ 1.0957

Stop Loss @ 1.0889

Trade Safely 🙂