As you can see from the following trade opportunity alert, EUR/CHF has recently broken down through the Key Support Level 1.242 identified by Autochartist on the 30-minute charts. The pair is expected to fall to the target level 1.2355 in the next 2 trading days. Autochartist sets the stop-level for this bearish forecast at 1.2517. This downward breakout follows the recent downward price impulse from the strong resistance level 1.2570 (point A), which had previously reversed the pair sharply down in January of 2013 (as you can see on the third chart below). The Volatility Analysis shown below confirms this forecast.
As you can see from the following Volatility Analysis chart, the lower border of the daily Expected Price Range calculated by Autochartist for this currency pair (1.2353) nearly coincides with the target level calculated for the above Key Level breakout (1.2355) – which heightens the probability the pair will soon reach 1.2355.
The following daily EUR/CHF chart shows the previous price action close to the strong resistance level 1.2570:
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EUR/CHF Expected To Fall Further
Published 06/03/2013, 04:16 AM
Updated 03/09/2019, 08:30 AM
EUR/CHF Expected To Fall Further
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