Dmitriy Chernovolov, Technical Analyst who has been actively following the FX markets for the last 11 years. He uses a systematic trend following approach combined with a proven money management system. Dima prefers to combine multiple technical analysis tools (e.g. Fibonacci retracements, trendlines, indicator divergences, Japanese candlesticks, Elliott Waves as well as horizontal support and resistance levels on different time-frame charts) to identify high probability synergetic trade setups with a high reward/risk ratio.

EUR/CHF: buy targets - 1.0900 and 1.0950

By: Dmitriy Chernovolov

  • EUR/CHF rises inside primary corrective wave Ⓒ
  • Next buy targets - 1.0900 and 1.0950

EUR/CHF continues to rise inside the primary corrective wave Ⓒ - which started earlier – when the pair reversed up from the strong support zone lying at the intersection of the support level 1.0770 (which also recently reversed the (A)-wave of the previous primary ABC correction Ⓑ), the lower daily Bollinger Band, the 38.2% Fibonacci Correction of the previous upward impulse from June and the support trendline of the daily down channel from September.

EUR/CHF is likely to rise toward the next buy target at the resistance level 1.0900 (top of previous wave (B)) – the breakout of which can accelerate the active wave Ⓒ toward 1.0950.

Scroll to top