EUR/CHF Multi-Timeframe analysis (Update)

Hi Traders

EUR/CHF Multi-Timeframe analysis (Update)

H1 CHART ( NEUTRAL )

Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.

Support & Resistances
1.10049 1.10554
1.09528 1.10964
1.08625 1.11867

H4 CHART ( BULLISH )

A high probability, entry signal to go LONG was given at 1.10175 after the market found support at 1.10004 . Only the downward break of 1.10004 would cancel the bullish scenario.

Support & Resistances
1.10010 1.10964
1.08189 1.11527
1.07849 1.12481

DAILY CHART ( BULLISH )

Target 1 at 1.109813 has been reached. We closed the 50% of our position and now we are waiting for target 2.

Support & Resistances
1.08909 1.10381
1.08586 1.10964
1.08449 1.11359

WEEKLY CHART ( BULLISH )

Target 1 at 1.09813 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.08380 . Provided the market conditions will remain the same Target 2 will be reached soon.

Support & Resistances
1.07377 1.08341
1.06588 1.08909
1.05982 1.09140