Long

EURCHF Buy unless this level breaks

The EURCHF pair has been trading inside a Channel Up since the October 12 Low, having formed a 1D Golden Cross in the process a month ago. As long as the 1D MA200 (orange trend-line) supports, we expect the price to rise and test the September 20 2021 Lower Highs trend-line. If a 1D candle closes above it, we will extend buying towards the red symmetrical zone at 1.01900.

If a 1D candle closes below the 1D MA200, we will take the loss and short instead towards Support 1, targeting 0.96460.

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