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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.0405, 1.0468, 1.0528

Key Support Levels: 1.0270, 1.0191, 1.0112

Daily Time-frame:

The price on the higher time frame was in a downtrend for weeks and then the pair saw a sharp reversal after the rejection. The price has broken the trendline to the upside and also broken a resistance level of 1.0332 that confirms a bullish trend.

EUR/CHF Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend’s direction. After moving in a higher-high, higher-low pattern the price succeeded in breaking the resistance level of 1.0304. The pair retested that level and continues the momentum.  

Signal Idea:

Buy Limit Order @ 1.0340

TP 1 @ 1.0395

TP 2 @ 1.0450

Stop Loss @ 1.0285

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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