Eurchf Advice

[jonsmith]

The secondary trend of EURCHF is sideways on charts. In its 4 hourly chart, the pair is sustaining below its falling trend line. It is consolidating with strong positive bias and is likely to give break out at upside. Its 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. It is facing an important resistance at the level of 1.0960. If it breaks its resistance level of at upside and sustains above it then we can expect it to show further upside movement.


INDICATORS:-RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD is also sustaining above the zero line indicating the upcoming bullish trend in the pair.



STRATEGY: EURCHF is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

 

[Xavefif]

I suppose that the price will turn after reaching the 1.07625 level.

 

[Xavefif]

I think that EUR/CHF asset will go down.

 

[Xavefif]

I suppose that the price will turn after reaching the 1.10018 level.

 

[Xavefif]

The price on EUR/CHF moves to support level. When 1.102376 mark will be passed, I’m gonna sell.

 

[Xavefif]

I think that the price will reach 1.104066 level. After that, the price will go to the level of 1.094736 or further.

 

[Xavefif]

I suppose that the price will turn after reaching the 1.07990 level.

 

[Enivid]

Why will it turn at that point?

 

[Xavefif]

I think that EUR/CHF asset will go down.

 

[Xavefif]

I suppose that the price will turn after reaching the 1.0944 level.