FX.co ★ EUR/CHF
Trader Journals:::
EUR/CHF
EURCHF: H4 Chart. The instrument is trading above the D1 support level Sup C: 0.91447. If the price drops from current levels, it may potentially go below this support level, possibly towards the Fibonacci level 261.8: 0.91173. If the price moves upwards, it could rise towards the MA21 level and then drop to 0.91173. If the price surpasses the MA21, it may have the potential to rise to the H4 resistance level Res: 0.91896. If the price manages to break above this level, the target could be the Andrews' Pitchfork median level at 0.92129. If the price continues moving above the median level, the next target is the W1 support level Sup C: 0.92265. If the movement extends beyond this support level, the next target is the MA126 level at 0.92534. Further northward movement above the MA126 could lead the price to the MN1 support level Sup C: 0.92692. The ZUP indicator signals a potential price movement following the completion of a bullish pattern - Bullish max Butterfly.