| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Neutral | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The EUR/CHF exchange rate has been trading in a descending channel since mid-July. This descending channel has guided the common European currency towards July 2017 low level at 1.1194.
Currently, the currency pair has tested a resistance cluster formed by the weekly and the monthly pivot points at 1.1377. Also, the price is trading near the 61.80% Fibonacci retracement level at 1.1390.
If this resistance level holds, the pair could make a brief retracement towards a support cluster formed by the weekly R1 and the 200-hour SMA at 1.1317.
However, technical indicators on the 4(H) time frame suggest that the currency exchange rate might breach the 61.80% Fibo during the following trading session.