Trade of the Day: EUR/CHF

EUR/CHF rising toward the 15-minute key resistance level 0.9445, which was identified by Autochartist. This chart pattern indicates possible bullish price movement toward the target level 0.9445. The following are the optimal entry and stop-loss levels calculated by Autochartist:  entry 0.9426 with the protective stop-loss at 0.9417.

As can be seen from the daily EUR/CHF chart below – the pair earlier reversed up from the key support level 0.9415 (former monthly low from October which also reversed the pair at the start of December). Given the proximity of the support level 0.9415 and the bullish divergence on the daily Stochastic, EUR/CHF can be expected to rise to the target level 0.9445.