| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
The single European currency has depreciated about 0.72% in value against the Swiss Franc since last week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 1.1020 on November 5.
Given that a breakout had occurred, bearish traders could continue to control the currency pair within next week's trading sessions. The potential target will be near the 1.0914 area.
However, a support cluster formed by the 200– period simple moving average and the weekly S2 at 1.0952 could provide support for the currency exchange rate in the short-term.