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EURCHF analysis 15.05.2020

EURCHF

A reversal candlestick pattern has formed: inverted head-and-shoulders. The currency pair is trading in the range of the round important 1.0500 level. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy above the round secondary level of 1.0520.

Stop loss: 1.0500.

Target levels: 1.0545; 1.0573; 1.0598.

The EURCHF rate online: monitor the movement of the pair in real time.

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