EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.06293, 1.07008, 1.07394.
Key Support Levels: 1.05736, 1.05249, 1.05085.
The price on the higher time frame failed to break the support level around the 1.05722 CHF mark by leaving a huge bullish bodied bar. This could lead to a reversal and a move higher toward the next key resistance level around the 1.06293 CHF mark.
EUR/CHF Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bullish flag formation to the upside after finding buyers around the 50% Fibonacci retracement level. we expect further movement to the upside but before that a lower correction could be posted to the highlighted zone.
Buy Limit Order @ 1.05771
TP 1 @ 1.06268
TP 2 @ 1.07008
Stop Loss @ 1.05525
Trade Safely 🙂