TradingView
rishililawat5
Jul 13, 2020 7:40 PM

EUR/CHF Technical Analysis. Long

Euro Fx/Swiss FrancFXCM

Description

Currently, EUR/CHF is trading at 1.0685. The pair started a new up trend after breaking the resistance level at 1.0647. Previously, the pair was trading in down trend for a long time in the descending resistance and support wedges. As the pair has already started a new up trend after breaking the resistance level, its first target price is at 1.0729 and second target price will be at 1.0779.

Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and ideas.

Thank you,

Rishikesh Lilawat
More