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EUR/CHF Potential Upward Movement

Key Resistance Levels: 1.1119, 1.1164. 1.1185

Key Support Levels: 1.1057, 1.1010, 1.0914

EUR/CHF Price Long-Term: Bullish

Daily Chart:

On the daily time frame, the price is in a clear upward movement, and it managed to break all the daily resistances, and currently is trading above the 1.1057 mark.

EUR/CHF Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hr time frame, the pair is trading within a bullish channel formation where we expect a swing lower toward the bottom of this pattern. We have a confluence zone between the support trendline and the daily support @ 1.1057 mark.

Signal Idea:

Buy Limit @ 1.1057

TP 1 @ 1.1119

TP 2 @ 1.1164

Stop Loss @ 1.1026

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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