EUR/CHF – 30M – BUYThe currency pair Euro/Swiss Franc (EUR/CHF) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.93806 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.93412 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.94262 |
| 2nd High | 0.94014 |
| Next High | 0.93806 |
| Current Price | 0.93452 |
| Next Low | 0.93412 |
| 2nd Low | 0.93325 |
| 3rd Low | 0.93072 |
0.93806 – 0.93762 – 0.94014 – 0.93412 – 0.93504 – 0.93555