EUR/CHF 4H Chart: Redrawing after new gains

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

The common European currency has been in the spotlight recently, as the currency has reached long unobserved high levels. This event can also be observed on the EUR/CHF rate's charts. 

During the surge the pair broke previously mapped channels, extending the gains more than it was expected and pressing for a full review of the pair.

In general the rate has hit a combined resistance of two long term ascending channel patterns and began a decline. 

The decline has taken the form of a narrow channel down pattern, which is set to encounter a lot of support, which means that the fall of the Euro against the Franc might soon end.

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