Online Forex broker
2020-11-11 • Updated
EUR/CHF is not the most popular pair. Nevertheless, it’s one of the most interesting ones to trade. Primarily – due to its sheer volatility that grants vast spaces for profit-taking. If traded with caution, of course. Movements as fierce and frequent as these are rarely seen among other pairs so if you like the picture and want to step in – make sure you have a solid strategy and trading tactic first.
As you can see, from July to September, the pair has been mostly trading within the channel 1.0730 – 1.0800. But it’s never been dormant or passive – basically every week it has been visiting both sides of the channel.
Now, EUR/CHF trades at the lower side of the upper channel 1.0800 – 1.0840. The fact that in entered that zone already tells a lot. If bulls press on, prepare to see 1.0840 crossed. If this happens, the next upside target will be 1.1000. Otherwise, 1.0670 stays as primary support to watch.
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