EURCHF: Buy Opportunity

The market looks oversold based on the daily chart. RSI confirmed the price reversal from 1.07300 support level. MACD histogram confirms a possible upward movement. DMI is bearish, but ADX line falls. It tells us that sellers are not so strong, and we can open long positions.

We have a buy opportunity, but it will be better to search for exact buy signals in the hourly charts. It will allow us to get a better entry level and make risk/reward as good as possible. Buy trades must be used with stop orders below 1.07300 support. The main profit target should be at 1.08100 resistance.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.