EUR/CHF: A bullish reversal candle at support to push the price upside

EagleFX Team EagleFX

EUR/CHF has been bullish on the intraday charts today. The price breached the level of 1.09100, which holds the price as a level of support. As of this writing, the current candle has been bullish. It may end up being a bullish reversal candle. If that happens, then buying the pair above the level of 1.09215 may get the buyers some green pips.

Trade Summary:

Entry: Above 1.09215

Stop Loss: Below 1.09100

Take Profit 1: 1.09375

Take Profit 2: 1.09515

Take Profit 3: 1.09695

Please Note:

If the current candle closes above the resistance, take profit 3 shall be achieved. If it takes more than a candle, it may not hit the take profit 3. The buyers must remember that it is Friday. Thus, if the price does not hit a take profit level, they may close the trade before the London Session ends.

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Author

EagleFX Team

EagleFX

EagleFX Team is an international group of market analysts with skills in fundamental and technical analysis, applying several methods to assess the state and likelihood of price movements on Forex, Commodities, Indices, Metals and

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