EUR/CHF Fluctuates Between Levels 1.1100 and 1.1150, Targets Level 1.1289
Login

EUR/CHF Fluctuates Between Levels 1.1100 and 1.1150, Targets Level 1.1289

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400

EUR/CHF Price Long-term Trend: Ranging
EUR/CHF is in an uptrend. Presently, the pair is in a sideways trend. The sideways move became necessary because the uptrend is facing resistance at level 1.1150. In other words, the market is fluctuating between levels 1.1100 and 1.1150, On February 25 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.618 Fibonacci level or a high of 1.1289.

EUR/CHF – Daily Chart

Daily Chart Indicators Reading:
The pair has risen to level 55 of the Relative Strength Index period 14. It implies that the market is in the uptrend zone. The currency pair is capable of rallying on the upside. The 50-day SMA and 21-day SMA are sloping upward indicating an uptrend.

EUR/CHF Medium-term Trend: Bullish
On the 4-hour chart, the market is range-bound between levels 1.1100 and 1.1150. On March 26 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that the pair will fall to level 1.618 Fibonacci extensions or level 1.1127.

EUR/CHF – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping horizontally indicating the downtrend. The pair has resumed upward move. EUR/CHF is above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for EUR/CHF
Presently, EUR/CHF pair is in a sideways move since March 4. The uptrend will resume if price breaks the resistance at level 1.1150. According to the Fibonacci tool, the pair has a target price of 1.618 Fibonacci extension which is level 1.1289.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News