As part of today’s free forex signals service we look at the EUR/CHF pair. The euro is moving sideways against the Swiss Franc in the short term as it tries to accumulate more bullish energy before the next attempt to jump higher. Technically, the price action has signalled that the downside movement should be over and that the pair could be readying to come back higher. The European Central Bank released the Private Loans indicator, which registered a 4.2% growth in August compared to 4.3% expected. In addition M3 Money Supply rose by 7.9% in August versus 7.8% forecast and compared to 7.6% in July. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis The euro is fighting hard to come back higher even if the Eurozone services and manufacturing data disappointed on Thursday. Furthermore, the German ifo Business Climate was reported lower at 98.8 points versus 99.0 estimate on Friday. German election fallout uncertainties lessen Tomorrow, the German Gfk Consumer Climate may bring life to this pair. A poor showing might lend power to the contention that the growth rate of the powerhouse of the European economy is starting to slow. But uncertainty around the German election although not resolved are likely to end with more of a continuation from the past than a rupture. From a technical point of view, the EUR/CHF has retested the ascending pitchfork’s lower median line (lml) and now it’s located above the median line (ML) of the descending pitchfork. Pushing higher to retest this line may signal that the pair could try to grind higher over the short term. The pair found temporary resistance at the weekly pivot point (1.0858). A valid breakout through this upside obstacle may announce potential growth towards the R1 (1.0909). The upside scenario could be invalidated by a drop and stabilization below the lower median line (lml) Free forex signals – Buy EUR/CHF at 1.0869 My Trading Opinion Instrument: EUR/CHF Order Type: BUY STOP Entry price: 1.0869 Stop Loss: 1.0834 TP1: 1.1.0908 My Risk: 1% Risk / Reward Ratio: 1:1.1 Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading SignalsMajors share Read Next EUR/USD Forecast: More Downside In View, 1.17 Holds For Now Olimpiu Tuns 7 months As part of today's free forex signals service we look at the EUR/CHF pair. The euro is moving sideways against the Swiss Franc in the short term as it tries to accumulate more bullish energy before the next attempt to jump higher. Technically, the price action has signalled that the downside movement should be over and that the pair could be readying to come back higher. The European Central Bank released the Private Loans indicator, which registered a 4.2% growth in August compared to 4.3% expected. In addition M3 Money Supply rose by 7.9% in August versus 7.8% forecast and… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
