EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.04510, 1.05085, 1.05358.
Key Support Levels: 1.03989, 1.03783, 1.03168.
Daily Time Frame:
The price on the higher time frame found support around the 1.04000 CHF mark where the price posted an engulfing bullish pattern. This led to a reversal and a beginning of a new trend to the upside. The market now is testing again the bespoke support before a new bullish impulsive.
EUR/CHF Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price succeeded to break the bearish channel to the upside after posting a double bottom at the lower end of this pattern. A lower correction could be seen before a new move to the upside toward the target profits.
Buy Market Order @ 1.04113
TP 1 @ 1.04472
TP 2 @ 1.05085
Stop Loss @ 1.03934
Trade Safely 🙂