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EUR/CHF Has Been Bullish To Start Its Trading Today……

If the bears are strong enough to keep the pair below 1.0920, we may then experience declines towards the 1.0893 hurdle, defined as a support by the low of November 15th. If that zone is not able to halt the tumble either, then the slide may be extended towards the 1.0870 zone, marked by the low of October 8th, and slightly above the low of November 14th.

On the upside, we would like to see a clear break above 1.0965 before we start examining whether the bears have abandoned the field for a while. Such a move could initially target the 1.0980 zone, the break of which may extend the recovery towards the peak of December 3rd, at around 1.0993.

 

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12 Dec 2019 8:19 pm Posted by tamilforex

 
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