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FX.co ★ EUR/CHF Bullish Above 1,1023 August 02, 2011 (Daily Strategy)

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Forex Analysis:::2011-08-02T09:53:08

EUR/CHF Bullish Above 1,1023 August 02, 2011 (Daily Strategy)

EUR/CHF Bullish Above 1,1023 August 02, 2011 (Daily Strategy)

EUR/CHF

On the Technical level, the Euro - Swiss Franc pair, after having tested the strong weekly support around the 1.1000 level, is on the verge of a meaningful signal for the beginning of a new upwards movement . It is recommend to buy when the price is above the level of 1.1023. It is estimated that such a move would push the pair up to the significant resistance level of 1.1580.

It is possible to enter a buy deal already at the present price levels, with a partial objective around 1.1250 and a final goal to the level of 1.1580.

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