olly48

EUR/CHF Rise to Resistance

Long
FOREXCOM:EURCHF   Euro / Swiss Franc
Posted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well.

Setting target at previous high of 1.08679. I expect this to continue to rise beyond this resistance but we need to see the breakout and can then re-enter longs after it sees support above the current resistance level . SL can be set below support and the lower trendline.