novvoll12
Long

EURCHF--2.5-month rising trend-line underpins further upside

FX:EURCHF   Euro Fx/Swiss Franc
0 0 0
EURCHF             1.0943 bullish — 2.5-month rising trend-line underpins further upside


EURCHF             rallied to a new multi-month high at 1.1049 (September 7, 2015) before consolidating. While the 2.5-month rising trend-line underpins, watch for further resumed strength through 1.1049 to challenge 1.1095 (61.8% of the 1.2016/.9650 sharp fall in January 2015). Above there would firm for 1.1437 (76.4% of the 1.2016/.9650 sharp fall in January 2015). However, a deeper pullback to break below the 1.0826 area (September 7, 2015 weekly low) would caution bulls and risk further weakness towards 1.0711 (August 17, 2015 range low).
Outlook:
Intraday:neutral
Daily:bullish
Weekly: bullish
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out