EUR/CHF 4H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 161-bar long channel up pattern formed by EUR/CHF originated in mid-April and helped the pair to recover some losses it faced during more than a two-month slump started in the first days of 2014.
Currently, the pair is trapped into a 17-pips wide range restricted by its short-term and long-term SMAs at 1.2218 and 1.2208, respectively. Meanwhile, we see mixed signals that prevent us from attempting to foresee EUR/CHF direction in the hours to come. Market sentiment is neutral and technical data also is sending neutral signals for medium and long terms.
© Dukascopy Bank SA
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