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Now if the price manages to break 1.2191 (the high of yesterday) ,it may reach 1.2334 (138.2% Fib level) which looks to be the first resistance
then the second resistance may be between 1.2585 and 1.2614
From eather ponits the price may retrace to 1.1970 (the 100% Fib level)
If a M15 close above 1.2200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2000sell only and do not buy. If price closes back above it again do nothing
The range 1.2200 and 1.2000 is neutral area, any trade done in between is personal decision and not part of this analysis
must importantly is this is just for a moment. chf still too stong than another currence like eur. so, if the SNB will limit the purchase of Bonds in the European Union, it wil be still going up for this pair. just look and warn about the news.
a lot off ppl thought this pair will have the same pattern with the eurusd.......and it had before and now this pair move as others chf cross......ok for me this pair maybe had reach the top.....if it kept the rising up maybe just for 20 to 30 pips
If a M15 close above 1.2300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2000 sell only and do not buy. If price closes back above it again do nothing
The range 1.2300 and 1.2000 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair and as we can see from the chart is trading now above the level of 1.2000 , so when ever the pair success in breaking 1.2000 , that's mean the down trend will be assured and the pair might head to 1.1970 and then 1.1940
अब अगर कीमत 1.2191 (कल के उच्च) को तोड़ने के लिए प्रबंधन, यह 1.2334 (138.2% मिथ्या स्तर) तक पहुँच सकते हैं जो पहली प्रतिरोध होने लगता है
तो दूसरी प्रतिरोध 1.2585 और 1.2614 के बीच हो सकता है
Eather ponits से कीमत 1.1970 (100% झूठ बोलना स्तर) करने के लिए वापस जाना कर सकते हैं
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.2000 , and that's mean the up trend is still standing and the pair might head to 1.2070 and then 1.2100
EUR/CHF is moving just above the price fixed by the SNB at 1.20.
Indicators are now neutral.
We maintain to trade only long positions as far as 1.20 is support.
The breakout of 1.22 will give a new buy signal and open the way towards 1.24.
In case of return below 1.20, we will wait the breakout of 1.18 to advise short positions.
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.2000 , and that's mean the up trend is still standing and the pair might head to 1.2070 and then 1.2100