FxWirePro: EUR/CHF Trade Idea

EUR/CHF chart - Trading View
 
Technical Analysis: Intraday bias bullish
- The pair is trading in Sloping Channel pattern, extending bounce off channel base
- Price action has broken above 21-EMA and is testing 38.2% Fib at 1.1269
- RSI has edged above 50 and is biased higher
- Stochs have rolled over from oversold levels and set to extend upside
- MACD is now flashing a bullish crossover on signal line

Support levels - 1.1252 (21-EMA), 1.1233 (5-DMA), 1.12
Resistance levels - 1.1269 (38.2% Fib), 1.1292 (55-EMA), 1.13

Recommendation: Good to go long on break above 38.2% Fib, SL: 1.1250, TP: 1.1290/ 1.13

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