EUR/CHF 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/CHF as most of the euro as home currency denominating pairs are posing for a rally. In the cross with the Swiss franc we should expect short term appreciation, but it is rather doubtful if the pair will manage to reach the pattern's resistance uninterrupted. Main sources of such doubts are the Stochastic indicator in the short and medium term and technical indicators on aggregate in the long term. In addition seems that Fibonacci retracements of 29th of May to 13th of June sell off are playing significant role here as well.  

© Dukascopy Bank SA
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