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Daily Forex Update: EUR/CHF

Published 05/06/2014, 03:39 AM
Updated 03/09/2019, 08:30 AM

Autochartist recently identified the Triangle chart pattern on the daily EUR/CHF charts – as you can see from the following trade opportunity alert for this currency pair. EUR/CHF is expected to break this Triangle and then to fall to the target level 1.2140 in the next 2 trading days. Autochartist set the stop-level for this forecast at 1.2214. This point formed recently when the pair reversed down from the resistance zone surrounding the resistance level 1.2215 (which has been reversing EUR/CHF down from February – as you can see on the second chart below).

EUR/CHF Chart

The following daily EUR/CHF chart shows the latest price action near the resistance level 1.2215:

EUR/CHF Daily Chart

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