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EURCHF

Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 1.0730 TP2= @ 1.0810 TP3= @ 1.1058 SL= Break below S2
Long
by ForecastCity_EU
4
Go long on EURCHF : Breakout of falling channelThe pair has been moving in a falling channel pattern from the past three months. Yesterday, the pair tested the 1.08230 support level for the third time and again took a bounce, ending the day with a long bullish candle and creating a morning star pattern. Moreover, the upliftment in the pair was supported by the divergence between the prices and the RSI indicator. At the moment, the price is just below the resistance level of 1.09076. following breakthrough, the prices are expected to reach 1.10467. The support for the pair is the area between 1.07997 - 1.08229. This area is important and the stop loss should be below it or it can be the lowest level of the area i.e. 1.07997.
Long
by forexnoobmaster007
Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 1.1310 TP2= @ 1.1365 TP3= @ 1.1485 SL= @ 1.1120
Long
by ForecastCity_EU
A trading opportunity to sell in EURCHFMidterm forecast: While the price is below the resistance 1.1500, beginning of downtrend is expected. We make sure when the support at 1.1320 breaks. If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis : A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s) 1.1385, 1.1355 and minimum to Major Support (1.1320) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 61. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.1430 to 1.1475). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.1430) Ending of entry zone (1.1475) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 1.1385 TP2= @ 1.1355 TP3= @ 1.1320 TP4= @ 1.1225 TP5= @ 1.1160 TP6= Free
Short
by ForecastCity_EU