EUR/CHF long Trade +

FX:EURCHF   Euro / Swiss Franc
Hello, Traders!
Monfex is at your service and today we overview EUR/CHF.

This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14.
But it is more inclined to think that there will be a downward rebound from the resistance line, since a strong trend movement and a good trading tone is sell from the main resistance levels.

Active Trade Signal by EUR/CHF
  • Buy near 1.1020
  • Take profit ~ 1.1158
  • Stop loss at 0.986

    Share your thoughts, ideas about the market under the chart.

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    This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.


Good idea!
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