Recently, the EUR/CHF pair has been trading upwards. As I expected, the price tested the level of 1.1453. Anyway, today the price went to test the upward trend line (support), which is holding good and my advice is to watch for potential buying opportunities. The stochastic is showing an oversold condition, which is another good sign of strength. Upward targets are set at the prices of 1.1450 and 1.1500.
Resistance levels:
R1: 1.1495
R2: 1.1540
R3: 1.1620
Support levels:
S1: 1.1370
S2: 1.1285
S3: 1.1240
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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