EUR/CHF 4H Chart: Could still edge lower - Trade Pattern Ideas - Dukascopy Bank
Wed, 18 Dec 2019 06:25:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇘
The common European currency has depreciated by 1.09% in value against the Swiss Franc since last week's trading sessions. The currency pair breached the 50-, 100– and 200– hour SMAs during this period.
As for the near future, the EUR/CHF exchange rate will likely continue to edge lower. The potential target will be near a psychological support level at the 1.0850 area.
However, a support cluster formed by the monthly S1 and the weekly S1 near the 1.0900 zones could hinder bears from driving the currency exchange rate further south within the following trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.