EUR/CHF: Potential Bullish Trend Above 0.9430
Updated
EUR/CHF: Potential Bullish Trend Above 0.9430
Since September 11th, EUR/CHF has been moving in a corrective pattern. The pair has faced resistance near 0.9380 on five consecutive occasions, pushing the price higher to 0.9417.
Today, the Euro is showing strength across the currency board, increasing the likelihood of reaching our resistance zone again.
A move above 0.9417 could push EUR/CHF higher to the next resistance zone at 0.9430.
If EUR/CHF manages to rise above 0.9430, we could see the initiation of a new bullish trend.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Since September 11th, EUR/CHF has been moving in a corrective pattern. The pair has faced resistance near 0.9380 on five consecutive occasions, pushing the price higher to 0.9417.
Today, the Euro is showing strength across the currency board, increasing the likelihood of reaching our resistance zone again.
A move above 0.9417 could push EUR/CHF higher to the next resistance zone at 0.9430.
If EUR/CHF manages to rise above 0.9430, we could see the initiation of a new bullish trend.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
Trade closed: target reached
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