EUR/CHF 4H Chart: New patterns mapped

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

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

The Euro against the Swiss Franc was sort of a mystery, when one looked to notice medium scale patterns. The situation has changed, as during the last review the medium scale was charted.

The currency exchange rate is trading in a medium ascending channel pattern, which is set to move the currency rate slightly higher during the next months. 

Meanwhile, regarding the short term, the currency pair is trading in the borders of two junior patterns. One of them is an almost horizontal channel up pattern, whose lower trend line is support by three additional support levels. 

This support has forced the rate to begin e rebound, which is set to test various resistance levels just above the 1.17 mark.

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