Wednesday 11 March 2015

EUR/CHF Technical Analysis and Forex Strategy for Wednesday, March 11 2015


EUR/CHF forex Technical Analysis and Strategies
EUR/CHF

TECHNICAL ANALYSIS : EUR/CHF is bullish in its secondary trend but prices are no more sustaining at higher levels & looking bearish for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.0650 Today if the currency pair breaks its support level & managed to sustain below it, then we can expect it to continue to trade with negative bias & test the level of 1.0570 in today's session. RSI is also sustaining in selling territory supporting downside movement in the pair. 

 
STRATEGY :- EUR/CHF is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Technical Analysis

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