EUR/CHF analysis for January 02, 2018 888011000 110888 Recently, the EUR/CHF set has actually been trading sideways at the rate of 1.1712. According to the 4H time– frame, I found a phony breakout of horizontal resistance at the price of 1.1730 in the background, which is a sign that buying looks dangerous. I also found an overbought condition on the stochastic oscillator, which is another indication of weakness . My suggestionsis to look for prospective selling chances. The downward target is set at the cost of 1.1670. Resistance levels: R1: 1.1722 R2: 1.1731 R3: 1.1754 Assistance levels: S1: 1.1698 S2:1.1684 S3: 1.1660 Trading recommendations for today: watch for potential selling opportunities.The product has been supplied by InstaForex Business-www.instaforex.com

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *