Let’s go Tuesday presents us with EUR/CHF

Hello Traders,

How is your first day of trading like?

Mine has been good so far, went for a swim (you can check our Instagram page for more details) to stretch those muscles a bit 

I am also holding on to my EUR/AUD which we analyzed yesterday, though currently negative, we will see how it goes as the week progresses.

So, let’s hit the charts and see what Tuesday holds for us

 

 

1. EUR/CHF

After EUR/CHF broke out from support level 1.11758, we are seeing price retesting a key resistance level (1.11758) which was formerly a key support level.

If price reverses at this point, there is a tendency for price to revisit support level 1.10612, and if price is strong enough to break the current resistance level, there is a possibility that the bulls may take price to the next resistance level (1.12630)

 

I wish you a pip-full day ahead

 

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