EUR/CHF 1H Chart: Short-term channel in sight - Trade Pattern Ideas - Dukascopy Bank

Mon, 25 Feb 2019 11:56:09 GMT
Source: Dukascopy Bank SA
 

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

The EUR/CHF continued to trade within the short-term ascending channel.  

Currently, the exchange rate is testing the lower channel line at 1.1345. If given channel holds, it is expected that a reversal north occurs in the nearest future, and the pair targets the upper channel boundary located circa 1.1500.  

If given channel does not hold, it is likely that a breakout south occurs within following trading sessions. However, the rate has to surpass strong support level formed by the monthly PP at 1.1333.


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