Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400
EUR/CHF Price Long-term Trend: Bullish
The pair has been rejected at level 1.0850 and has fallen to the low at 1.0846. The bulls have bought the dips but were overwhelmed by the bears. The price is above the support of the 21-day SMA. The pair will move up if the support holds.
Daily Chart Indicators Reading:
The pair is at level 50 of the Relative Strength Index period 14. It implies that there is a balance between supply and demand. The 50-day SMA and 21-day SMA are sloping horizontally. It indicates a sideways trend.
EUR/CHF Medium-term Trend: Bullish
On the 4-hour chart, the index has resumed an upward move. On December 31 downtrend ; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall and reach level 1.618 Fibonacci extension. That is the low of level 1.07576.
4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping downward indicating the downtrend. The pair is above the 40% range of the daily stochastic. It indicates that the pair is in a bullish momentum.
General Outlook for EUR/CHF
EUR/CHF has resumed downward move. According to the Fibonacci tool, the current downward move will reach a low of level 1.0757.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.