EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.0927, 1.0956, 1.1000
Key Support Levels: 1.0869, 1.0838, 1.0820
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
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.
Buy Limit Order @ 1.0899
TP 1 @ 1.0926
TP 2 @ 1.0957
Stop Loss @ 1.0889
Trade Safely 🙂