novvoll12
Long

EURCHF 1.0962 – Bullish – Posts new YTD highs

FX:EURCHF   Euro Fx/Swiss Franc
4 0 0
EURCHF             cleared 1.0960 (August 12, 2015 high) to post a new YTD high at 1.0969 on Tuesday (September 8, 2015). The series of higher lows including 1.0873 (September 8, 2015 low) and 1.0800 (September 4, 2015 low) should underpin further upside. Sustained strength above the 1.0969/1.0960 area should propel the pair towards 1.0999/1.1014 (August 29/September 5, 2011 weekly lows) ahead of the 61.8% retracement of the 1.2096/.9650 fall at 1.1170. However, a deeper pullback below the 1.0800 area would caution bulls and risk a retest of the 1.0732/1.0712 zone (August 28/20/19, 2015 lows) which is near the 200 day moving average.

Outlook:
Short term: bullish
Long term: bullish
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out