EUR/CHF 1H Chart: Short-term decline expected

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyBuy
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇒⇒

[ANNOUNCE] The Euro has been depreciating against the Swiss Franc since the beginning of December when the EUR/CHF currency pair failed to surpass the 1.1050 level. [/ANNOUNCE] 

From a theoretical point of view, it is likely that some downside potential could prevail in the market, as the exchange rate should target the lower boundary of the long-term descending channel located circa 1.0550 (1D time-frame chart). 

If the given channel holds, it is likely that a reversal north could follow. Otherwise, a breakout south could occur. In this case, the exchange rate could decline below 1.0400.

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