EurChf forecast - for short term

raiseDreams

raiseDreams

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Dec 15, 2020
19
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Eur-chf is a range-bound currency that a trader can make mid-size profit even after facing some losses. I like it due to its low volatility and in-range movements, usually it shifts 50-70 pips weekly, often less than that. If somebody wants high volatility & more gains, can overlook this pair. But it can be an excellent currency pair for those who want some steady profit.

Eur-chf is going to grind higher towards 1.1050 area in few months.
EurChf forecast - for short term


But one should aim for its short-term direction, that's 1.0870. This pair has broken above mid-range resistance at its 55-day average to suggest a swing higher towards 1.0868/93. Next near-term resistance at 1.0841/42, before finding next leg at 1.0864/68.
 
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raiseDreams

raiseDreams

Member
Verified
Dec 15, 2020
19
Points
10
Last week we saw some sharp leaps upwards in Eur-chf. It jumped 80+ pips, from 1.0785 to 1.0870, quite on the track as per our assumptions.
This pair will surpass 1.09 barrier in coming days.
 

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