EUR/CHF is trading in a tight range between 1.1329/1.1303 in the midst of low levels of liquidity. To the upside , next resistance lies at 1.1515 while, to the downside, support comes in at 1.1145
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EUR/CHF is trading in a tight range between 1.1329/1.1303 in the midst of low levels of liquidity. To the upside , next resistance lies at 1.1515 while, to the downside, support comes in at 1.1145
as we can see from the chart has success in breaking the level of 1.1300 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1.1260 then 1.1200
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.1300 , and that's mean the up trend is still standing and the pair might head to 1.1370 and then 1.1400
If a M15 close above 1.1400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1200 sell only and do not buy. If price closes back above it again do nothing
The range 1.1400 and 1.1200 is neutral area, any trade done in between is personal decision and not part of this analysis
The 1.15 level certainly is resistance, but if we can break above it – we will run to 1.18 or so. If we can get a larger red candle, we go to 1.10 and eventually parity. Until we get one of these signals, we are sitting tight.
It is more likely to go down to around 1.1354 or lower, and after that, it might have potentially to go up to around 1.1432 or higher
the chart is showing that the pair is trading under level 1.1400 , that's mean the down trend is standing and the pair might reach 1.1340 , but if the pair succeeded in breaking 1.1400 , it will head to 1.1440 and then 1.1480
If we can get a larger red candle, we go to 1.10 and eventually parity. Until we get one of these signals, we are sitting tight.
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.1400 , and that's mean the up trend is still standing and the pair might head to 1.1470 and then 1.1500
The Euro has remained steady against the Swiss Franc, despite rising risk aversion, which should have increased demand for CHF as the combination of SNB measures to increase liquidity and ECB efforts to maintain peripheral debt markets stable