ForexTrendline

Breakout and a test on EURCHF

Long
FX_IDC:EURCHF   Euro / Swiss Franc
While we are waiting on the major pairs, here we could have a very nice opportunity.

EURCHF is moving fairly slow and it doesn't make any big moves.
However, right now it looks like a decent entry opportunity.

We are currently on a Daily chart and we can clearly see the triangle from last year which has been completed.
This gives us a serious support in the zone below 1,09.
This support is already holding price and we also saw rejection during last week.

That gives us an opportunity to expect price going up to 1,1109 and in case of a breakout - 1,1260!
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