Trade of the Day: EUR/CHF

EUR/CHF rising inside the 15-minute Rising Wedge chart pattern, which was previously identified by Autochartist. The chart pattern indicates possible bullish price movement toward the target level 0.9601. The following are the optimal entry and stop-loss levels calculated by Autochartist:  entry at 0.9574 with the protective stop-loss at 0.9553.

As can be seen from the daily EUR/CHF chart below – the pair earlier reversed up from the powerful multi-year support level 0.9400 (which stopped the sharp weekly downtrend in 2022). The proximity of this support level and the clear bullish divergence on the weekly Stochastic increase the likelihood the pair will continue to rise toward the target level 0.9601.