EURCHF analysis 27.01.2020

The hammer reversal pattern was formed on the H4 timeframe. Awesome Oscillator indicator shows a bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the range of the round important level 1.0700.

Trading recommendations:

Buy above the round secondary level of 1.0720.

Stop loss – 1.0673.

Target levels: 1.0750; 1.0780.