| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
[ANNOUNCE] The Euro has been ranging against the Swiss Franc since late May. [/ANNOUNCE] This movement sideways began when the pair breached the prevailing senior channel. Its bottom line has provided resistance, while support is being set by the 38.20% Fibo retracement.
If looking at the previous price movement, it is apparent that this Fibo level has provided strong support on several occasions. Technical indicators still flash bearish signals; thus, it might be possible that the pair edges even lower and targets its nine-month low of 1.14 during the following sessions. This scenario should be considered if the aforementioned 38.20% Fibo is breached to the downside.
Conversely, a failure to do so is likely to be followed by a surge up to the breached senior channel and the 23.60% Fibo circa 1.17.