EURCHF Bullish Divergence

FX:EURCHF   Euro / Swiss Franc
The price bounced from 1.12000 support level with RSI confirmation. We have a bullish divergence which tells us about possible trend reversal. MACD lines support the upward movement. DMI is bearish but ADX line falls. It shows us that bears are no so strong now. If the price breaks the previous swing high, it will be an additional signal confirming the further upward movement. The price will be able to reach the resistance zone at 1.15000 level. The weekly chart looks oversold which is also good for buying based on the signals from the daily and lower timeframes. If the price continues the downtrend, it will be better to close long positions below the local swing low.
Trade closed: target reached
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Thanks for sharing this, I agree with your bullish view on it as well and found a horizontal swing low support that coincides with the 61.8% fibonacci extension and 61.8% fiboancci retracement
I agree with your bullish on EURCHF. Our trading signal idea is also of the same bias. If it breaks out of its 61.8% Fibonacci retracement at 113.88, it could move up further to its next resistance. Here’s our idea!
Dmitriy look at this trade UI. What u think from your perspetive? https://p2pb2b.io/trade
I'll take a look at this potential trade, thanks for bringing it to my attention :)
add up that the swiss national bank (SNB) cannot buy more euros. 90% of their bookwork already is invested in foreign currencies and the government really pushes them to reduce these investments.
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