EUR/CHF: the euro rises to a three-month high against the Swiss franc

The FTSE 100 could climb as high as 7500 points in the short term

From a technical analysis perspective, the EUR/CHF gave an important signal for a bullish reversal last week by breaking out of the top of the symmetrical triangle in which it had been evolving for two months.

EUR/CHF is currently facing first resistance at 1.05. Breaking above this resistance would strengthen the bullish outlook and the next resistances to watch would be the year high at 1.06 and then the September high at around 1.09.

The bullish outlook would be technically invalidated in the event of a pullback below 1.03.

Entrance: Purchase at the market

Stop: 1.03

Objective: 1.06, then 1.09

Risk/reward ratio: >1

Follow the evolution of the EUR/CHF price with IG.


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