| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/CHF currency pair has been testing strong resistance level formed by the Fibonacci 23.60% retracement at 1.1385.
As apparent on the chart, the exchange rate reversed south from given resistance last week. Given the fact that the pair had reversed south from the upper boundary of the long-term descending channel, it is likely that some downside potential prevails in the market. It is likely that the rate targets the Fibonacci 0.20% retracement at 1.1195.
It is unlikely that bulls prevail in the market, and the pair surpasses the resistance cluster formed by a combination of the 55-, 100– and 200-hour SMAs in the 1.1309/1.1345 range.