Monfex_UK

EUR/CHF long Trade +

Long
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.

    Watch for our Updates to be the first who gets well-timed signals !

    GOOD LUCK AND LOTS OF PROFITS !!

    Disclaimer
    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.

Comments

Good idea!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out