Trade of the day: EURCHF

EURCHFH1

The pair has been on a downtrend, as can be seen with the outlined downward channel. Price is around the resistance zone as at the time of writing this report. If the resistance holds, then expect a drop with 1.13648 as target.

On the other hand if the market breaks resistance, then long positions can be opened taking first target as 1.14196, second target 1.14264 and third target 1.14567.