EUR/CHF 4H Chart: Set to reach higher

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) Neutral Neutral Sell
Stochastic (5; 3) Sell Sell Buy
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The Euro has one particularity against the Swiss Franc. There are no short or medium scale patterns. Instead only one medium term support trend line has been spotted. 

The medium term trend line was spotted, as the currency exchange rate plummeted at the turn of the month. However, it is irrelevant to short term traders. 

In regards to the short term, the currency exchange rate has found support in the weekly R1 at the 1.1701 mark. Due to that reason it should surge up to the upper trend line of a dominant pattern above the 1.1740 mark.

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