Recently, the EUR/CHF has been upwards. The price tested the level of 1.1698. Anyway, according to the 15M time - frame, I found triangle formation in creation, which is a sign that buying looks risky. I also found a fake breakout of pivot resistance 1, which is another sign of weakness. My advice is to watch for potential selling opportunities if the price breaks triangle. The downward target is set at the price of 1.1627.
Resistance levels:
R1: 1.1686
R2: 1.1720
R3: 1.1778
Support levels:
S1: 1.1595
S2: 1.1535
S3: 1.1503
Trading recommendations for today: watch for potential selling opportunities.
