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Eurchfbreakout

#EURCHF Time for some Bullish action?We can clearly see that FX:EURCHF is in the up-trend for 4 years. Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback. After a breakout price squeezed to fake out all early buyers. Now we are in this triangle and, if we could get a push to up-side from this triangle then we should witness a nice bullish action -plus, we have a nice bullish divergence. Okay so summarizing following analysis, I believe EURCHF have nice bullish potential, so I'm going to buy this pair in this week. Let's go to work!
Long
by Jakubaszek
EUR/CHF Breakout Trade IdeaThis setup is very similar to our last EUR/CHF trade we entered below. I am trading the consolidation zone here. What I'm looking for is a breakout of the zone in either direction to enter a trade. This consolidation makes sense with all the upcoming news we will see this week. A push outside of this zone should hold and I'll look to enter whatever direction price takes. I don't have particular TP's in mind, instead I'll just adjust my stop loss as this pair moves.
by The808Trader
EURCHF approaching major resistance, potential reversal EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill