Thursday, January 05, 2017 8:39:00 AM
Technical analysis of the currency pair EUR/?HF on 05/01/2017. The daily chart
General analysis
During the past two weeks the currency pair EUR / CHF continues to move sideways and has formed maximum at 30.12.16 – 1.0760. However, last trading week closed with a couple of black candlestick with a big body and it is contrary to growth opportunities.
The first trading days of the current week was held under the auspices of the bulls and now we can see a return to growth.
Price has not been able to go below support 1.0690 by forming a rebound from this level.
A few weeks ago the price has already been successfully beat off from support level 1.0690. After obtaining several signals from other tools and indicators we can confidently expect the beginning of growth.
Next few days
Currency pair EUR / CHF is already moving sideways for a long time and at the moment we have a lot of reasons to expect the test of the upper boundary of the channel at 1.0790. However, given the resistance level at 1.0750 there is the probability forming of the peak and further decreases to the bottom of support 1.0690.
After after overcoming of local maximum at 1.0750 we can consider to open a long deals with targert points by 1.0790.
General analysis
During the past two weeks the currency pair EUR / CHF continues to move sideways and has formed maximum at 30.12.16 – 1.0760. However, last trading week closed with a couple of black candlestick with a big body and it is contrary to growth opportunities.
The first trading days of the current week was held under the auspices of the bulls and now we can see a return to growth.
Price has not been able to go below support 1.0690 by forming a rebound from this level.
A few weeks ago the price has already been successfully beat off from support level 1.0690. After obtaining several signals from other tools and indicators we can confidently expect the beginning of growth.
Next few days
Currency pair EUR / CHF is already moving sideways for a long time and at the moment we have a lot of reasons to expect the test of the upper boundary of the channel at 1.0790. However, given the resistance level at 1.0750 there is the probability forming of the peak and further decreases to the bottom of support 1.0690.
After after overcoming of local maximum at 1.0750 we can consider to open a long deals with targert points by 1.0790.
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