The common European currency does not fluctuate much in large scale against the Swiss Franc, as the economies of the underlying countries are too much tied together. However, on the four hour timeframe a symmetrical triangle can be observed. The hypothesis of a breakout to the downside is assumed, as the currency exchange rate recently failed to break the resistance put up by the 50.00% Fibonacci retracement level at the 1.0912 level. The historically relevant retracement levels for this pair are measured by connecting the 2016 low and high levels. It is most likely that the currency exchange rate will break out and reach for the combined support of the 38.20% Fibonacci retracement level at 1.0844 and the 200-period SMA, which is located at the 1.0848 level.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 1.0980/81 | Weekly R2; 61.80% Fibo | MACD (12; 26; 9) | Sell | Buy | Buy | ||
| R3 | 1.0941 | Weekly R1 | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 1.0917/24 | Trend line; 100-period SMA; monthly R1 | Stochastic (5; 3; 3) | Sell | Sell | Sell | ||
| R1 | 1.0909/13 | 55-period SMA; weekly PP; 50.00% Fibo | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 1.0887 | Trend line | CCI (14) | Neutral | Neutral | Neutral | ||
| S2 | 1.0871 | Weekly S1 | AROON (14) | Buy | Buy | Buy | ||
| S3 | 1.0848/41 | 200-period SMA; 38.20% Fibo; weekly S2 | Alligator (13; 8; 5) | Sell | Buy | Buy | ||
| S4 | 1.0802 | Weekly S3 | SAR (0.02; 0.2) | Buy | Sell | Buy | ||
| Aggregate | → | → | ↗ |