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28.07.201713:25 Forex Analysis & Reviews: EUR/CHF analysis for July 28, 2017

Long-term review

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Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that buying looks good at this level. Watch for potential buying opportunities. The intraday target is set at the price of 1.1425.

Resistance levels:

R1: 1.1313

R2: 1.1360

R3: 1.1444

Support levels:

S1: 1.1180

S2: 1.1100

S3: 1.1050

Trading recommendations for today: watch for potential buying opportunities.

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