EUR/CHF 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/USD 1H Chart: Channel Up Comment: Both the short- and long-term outlooks on EUR/USD are bullish. Today the currency pair is expected to extend its current rally up to 1.1470/60, where we expect the Euro to start a downward correction. The downside, however, is limited, and not only by the lower boundary of the channel, but also by the rising support line that was established in March. There is also a strong demand area near 1.1374, represented by the 200-hour SMA. In the longer-term

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