SUMMARY:
The secondary trend of EURCHF is sideways on charts. In
its 4 hourly chart, the pair is consolidating with strong positive
bias and is likely to give break out at upside. Its 30 and 200 DMA
are also supporting the upcoming bullish trend in the pair. It is
facing an important resistance at the level of 1.0895. If it breaks
its resistance level of 1.0900 at upside then we can expect it to
show further upside movement.
INDICATORS:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
MACD is also sustaining in buying territory indicating
the upcoming bullish trend in the pair.
STRATEGY:
EURCHF
is
looking bullish on charts for next few trading session. One can go
for buy on dips strategy for this pair for intra day to mid term
positions.
S3
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S2
|
S1
|
PIVOT
|
R1
|
R2
|
R3
|
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EUR/USD
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GBP/USD
|
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USD/JPY
|
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USD/CHF
|
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AUD/USD
|
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USD/CAD
|
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0.6458
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