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EUR/CHF Continues To Rise After Recent Breakout

Published 12/06/2016, 05:22 AM
Updated 03/09/2019, 08:30 AM

EUR/CHF continues to rise after the recent breakout of the key resistance level 1.0832, which was previously identified by Autochartist on the 4-hour charts. The significance of this resistance level is rated by Autochartist rates at the 4-bar level – which is the result of the four recent price reversals from this price level. EUR/CHF is expected to continue to rise toward the resistance level 1.0832 in the nearest time, which is also indicated by the next chart pattern shown below.

EUR/CHF 240 Minute Chart

As can be seen from the following chart, the above forecast is aligned with the longer-term continuation chart pattern triangle – which was also previously identified by Autochartst on the daily EUR/CHF charts. Two different time-scale chart patterns aligned in one direction heighten the probability EUR/CHF will continue to rise tomorrow.

EUR/CHF 1440 Minute Chart

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