EUR/CHF is still in trouble

EUR/CHF is still in trouble

Trade idea

SELL 1.1105; TP 1.1065; SL 1.1120

It seems that EUR/CHF is having trouble with returning above 1.1150 (61.8% Fibo of the 2017-2018 advance; 50-month MA). In addition, this was a support area for many months that has recently turned into resistance. The pair made two attempts to overcome this obstacle, but both of them failed. The decline below 1.1105 will confirm a “double top” and open the way down to the previous lows in the 1.1060 area. Bulls will have a chance only once the euro returns above 1.1170.

eurchf.png

Similar

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Latest news

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera