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EURCHF is on thin ice
EURCHF is on thin ice
The EURCHF currency pair is clinging to the support level and may go down a little further. The price has been approaching this level 5 times already and now there is a high probability of breaking it. Considering that on the daily chart the average is near 200, which can provide strong support, it is better to place Take Profit at a distance of 35 pips. It will be difficult to make large profits in this trade since this currency pair has not been very volatile lately.
Symbol: EURCHF
Order Type: Pending Order - Sell Stop
Entry Price: 1.0925
Take Profit: 1.0890
Pips Earning: 35
The result of a trade recommendation. The price reached the take profit level two days later.
The profit can be $350.00 if the trading volume of 100000 EUR (1 Lot).
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