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Currency pair analysis for today, October 1st: EURCHF

EURCHF

The currency pair trades in the range of the Ichimoku cloud. The Stochastic Oscillator signals oversold conditions, and a bullish divergence has formed on the Awesome Oscillator.

EURCHF rate onlinemonitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss under the local minimum of the descending pattern.

Target levels: 1.0900; 1.0935.

Author: GC
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