Forex

EUR/CHF Bullish as Long as The Price is Above 1.1430

November 6, 2018

2 min read

tarantula fx

Head of Trading

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EUR/CHF Bullish as Long as The Price is Above 1.1430

Hi traders,

The EUR/CHF has reached 8/8 Murrey Math resistance that forms a confluence with camarilla Pivots – W H3 and M H1.

As long as the price is above 1.1430 we should see a bullish price action. Bounces from 1.1430 are still possible and continuation will happen at the 4h close above 1.1460 level. Final targets are 1.1475 and 1.1490 where we can spot a resistance cluster. A drop below 1.1420 will be a bearish breakout for the pair and the price will target 1.1395 zone.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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