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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/CHF analysis for May 14, 2018

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Recently, the EUR/CHF pair has been trading upwards. The price tested the level of 1.1971. Anyway, according to the 30M time – frame, I found a potential end of the upward corrective structure, which is a sign that buying looks very risky. I also found a hidden bearish divergence on the MACD oscillator in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities if you see a valid breakout of upward trendline. The downward target is set at the price of 1.1870.

Resistance levels:

R1: 1.1957

R2: 1.1960

R3: 1.1976

Support levels:

S1: 1.1948

S2: 1.1942

S3: 1.1939

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com