EUR/CHF 4H Chart: Meets Long Term Resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

As it was expected the rebound of the Euro against the Swiss Franc did not last in a narrow ranged channel up pattern. Instead over time the pair surge without an initially easy to spot pattern. 

However, as the currency rate has reached the dominant resistance of a rising wedge pattern, it can be seen that there was an ascending channel pattern in the play.  

In regards to the future outlook, the pair is set to bounce off the resistance of the rising wedge pattern and form a new junior pattern.

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