
Thread for EUR/CHF discussion - latest news, technical analysis, forecasts and opinions.
Thread for EUR/CHF discussion - latest news, technical analysis, forecasts and opinions.
Nothing personal, rules only.
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Time Frame =1D
Last couple of day the downtrend died and at last as euro pair makingg recovery , so euro versus swiss has a very smart story two days ago , after making several time touched supprt this pair manage to show us the positive signs , so that is why , price is making nice bull , we can think about buying
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Accordance to hourly chart outlook we can see uptrend channel still active and valid there, so we can expect this pair would be continue arising to reach upside barrier on 1.2359. At other side, if the price could breakout support 1.2314 then bearish will gain strong confirmation there.
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The period D1 EURCHF chart suggests a possible rejection of the resistance level around 1.23913, one which may suggest that the pair are about to reverse to the downside even find support around 1.22645, 1.21681 with extension. The pair has been shown to be stuck in a narrow range of volatility, which may contribute to the downside prevails for the next sessions.
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Look at the fibo level on this H4 chart here, the price already success breakout fibo 61.8. So, i think it would be continue to test fibo 100 next week. In case it can breakout fibo 100 then bearish totally gain strong confirmation to dominate next week trades.
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EUR/CHF Technical Analysis
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As usual, Today GBP/CHF pairs have a small daily range compared to other popular pairs, and looked sideways at the condition of late , it is likely at today's prices will not move much on the price of the current position (1.2359)
The important poin to note :
Pivot : 1.2368
Support 1 : 1.2347
Support 2 : 1.2335
Support 3 : 1.2314
Resistant 1 : 1.2380
Resistant 2 : 1.2401
Resistant 3 : 1.2413
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EUR / CHF is safely possible to consider the purchase, as we can see on the daily chart the pair went to the strong support zone consisting of a long-run trend and level of the 2274, after a meeting with a couple of the area has already demonstrated the northern lights out, too much form a converging triangle-order now can become its upper bound.
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The price rose and reached an average line of the channel, as well as the level of resistance, which is available at the price of 1.2300. MACD crossing its lines, shows a reversal, suggesting rebound from the resistance level and the midline of the channel. I assume that the price will drop to the bottom of the channel, which, at the moment, is available at the price of 1.2286.
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The price rose and reached an average line of the channel, as well as the level of resistance, which is available at the price of 1.2300. MACD crossing its lines, shows a reversal, suggesting rebound from the resistance level and the midline of the channel. I assume that the price will drop to the bottom of the channel, which, at the moment, is available at the price of 1.2286.
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On this hourly chart we can see the price already breakout the uptrend channel but it looks like a re-testing process now. If it can pullback then bearish will take strong confirmation to rally again. In case it is re-breakout then bullish potential to hit fibo 38.2 or 61.8 again.
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