EUR/CHF 4H Chart: Possible reverse

Source: Dukascopy Bank SA

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

After approaching the upper boundary of a dominant channel down , the Euro began depreciating against the Swiss Franc. 

The EUR/CHF pair is gradually moving upwards to test the upper boundary of the junior pattern. 

In general, two scenarios are likely during the following trading sessions. First, the currency pair might breach the upper boundary of the junior pattern, but this surge could be stopped by a resistance cluster near 1.1620. Second, the rate could reverse from 1.1534  to re-test the lower boundary of the dominant channel.

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