FX.co ★ EUR/CHF

Hello everyone. Currently, there is an upward movement on the EURCHF currency pair, with the price above the moving average indicating bullish strength. Buyers are stronger than sellers at the moment, pushing the price higher. The zigzag indicator also confirms the upward structure as the highs are increasing. A confirmation of the upward movement is the hourly candle closing above the moving average at the level of 0.9390. Therefore, it is more advantageous to make more purchases than sales. I plan to buy from the level of 0.9390 with the first profit taking at the price level of 0.9430, the second target at 0.9470, and losses will be accepted around 0.9360. Sales during the day are also possible, but only if the pair consolidates below the price level of 0.9330. Profit for sales will be taken at the level of 0.9290, and we will exit at 0.9360 for the stop loss.

Moving to a lower time frame M15 to confirm the buy signal.