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 🙂