EUR/CHF continues to rise inside the daily Triangle chart pattern that was earlier identified by Autochartist – 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 rise to the target level 1.2377 (point B) in the next 2 trading days. The stop-level for this forecast is set by Autochartist at 1.2284 (point A). This point was formed recently when the pair reversed up from the combined support zone lying at the intersection of the former support level 1.2280 (which has been reversing the pair from July to September) and the 61.8% Fibonacci Correction of the earlier upward price impulse from the strong support 1.2220 (the bottom of this chart pattern).
The following daily EUR/CHF chart shows the aforementioned support levels: