Eurchfanalysis
Buy eur/chfI have decided to buy OANDA:EURCHF for a long term, considering that the graph has pushed above the level 1.09180 and has broken the downtrend, I am looking to buy this pair up until the level 1.14050 with my stop loss at 1.09000 this is a longterm signal om #eur/CHF wishing you guys the best on this pair
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.08717 where it could potentially react off and up to 1st resistance at 1.08881.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF possible long After breaking the corrective channel the pair seems to have found support again. Although it is not a very strong area of support we can see that this area has been rejected twice last month. RSI also seems to confirm that a bigger corrective move might be in the cards. On top of that the pair printed a doji yesterday.
All those factors combined make me feel confident to take a counter trade with price probably recovering at least until the 1.119 area.
Keep in mind it is a counter trade as the main trend is still bearish.
We can see the same maybe a bit more clearly on the 4H chart
FREE ANALYSIS ON EURCHFFREE ANALYSIS ON #EURCHF
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Expecting some bullish momentum soon on this pair.
MACD already showing Bullish divergence. Keep an eye out for this pair
EURCHF approaching resistance, look out for potential reversal!
EURCHF is approaching its resistance at 1.11463 where it is could reverse down to its support at 1.10905.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
The last rise did not hold #EURCHFAbout two months ago the eurchf dropped and touched major support (200 Moving average line) and returned to the upside, but the rallies did not hold up and the market returned to the downside, the nearest target to which the eurchf is going is probably again the Moving average 200.
Take profit: 1.1160