empty
 
 
14.07.2011 03:14 PM
EUR/CHF Bullish Above 116,00 July 14, 2011 (Daily Strategy)

This image is no longer relevant

 

 

EUR/CHF

After a prolonged downward sequence, the euro-franc pair was stabilized around the bottom of 1.1525 (Weekly Support) entered into a stalemate with the price range of about 850 points. The sharp downward sequence of the last ten days led the pair to the low of the range of stagnation around the 1.1490 levels, resulting in the last weekly support.

Therefore, according fibonacci indicator, Euro-Swiss franc could resume its upward sequence it had on the previous day, only if the price remains above weekly support around the 1.1600 , for a long position. With A goal of take profit around the 1.2000 level.

 

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback