EUR/CHF 1H Chart: Short-term channel in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

The Euro has been appreciating against the Swiss Franc since the beginning of January when the pair reversed from the Fibonacci 0.20% retracement at 1.1195. This movement has been bounded in the ascending channel.  

Currently, the exchange rate is testing the upper channel line located at 1.1393. If given channel does not hold, a breakout north occurs in the nearest future. A possible upside target is the monthly R3 at the 1.1468 mark. 

Otherwise, it is likely that a reversal south occurs within following sessions, and the pair targets the lower channel boundary located in the 1.1300/1.1320 range.

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