EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.08301, 1.08631, 1.09000.
Key Support Levels: 1.07391, 1.07004, 1.06598.
The price on the higher time frame failed to break the 1.07391 USD mark by posting a fake breakout and a double bottom which led to a reversal. The buyers are in clear upward movement now where the buyers are in control of the market.
EUR/CHF Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the Wyckoff accumulation phase to the upside. A lower correction is expected to the higher end of the channel before a new bullish impulsive wave.
Buy Limit Order @ 1.07606
TP 1 @ 1.08282
TP 2 @ 1.08631
Stop Loss @ 1.07380
Trade Safely 🙂