EURCHF is on thin ice

  • Jun 07 2021
  • by
  • Analyst AZA
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 result of a trade recommendation

img
The profit can be $350.00 if the trading volume of 100000 EUR (1 Lot).

Promotions

Trading Analytics

Be one step ahead of the market

imgaza youtube

Profitable trading recommendations, forex analytics for beginners traders

Subscribe our channel

top authors

Technical analyst

Tim Brykov
Technical analyst

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar tr hi yi ru