Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that buying looks good at this level. Watch for potential buying opportunities. The intraday target is set at the price of 1.1425.
Resistance levels:
R1: 1.1313
R2: 1.1360
R3: 1.1444
Support levels:
S1: 1.1180
S2: 1.1100
S3: 1.1050
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that buying looks good at this level. Watch for potential buying opportunities. The intraday target is set at the price of 1.1425.
Resistance levels:
R1: 1.1313
R2: 1.1360
R3: 1.1444
Support levels:
S1: 1.1180
S2: 1.1100
S3: 1.1050
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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