Recently, the EUR/CHF pair has been trading sideways at the price of 1.1600. On the 15M chart, I found a fake breakout of pivot level at the price of 1.1593, which is a sign that selling looks risky. There is also a positive reading on MACD oscilator, which is another sign of potential strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at the price of 1.1629 (S1) and 1.1665 (S2, extreme intraday target).
Resistance levels:
R1: 1.1629
R2: 1.1665
R3: 1.1700
Support levels:
S1: 1.1557
S2: 1.1521
S3: 1.1485
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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