EUR/CHF 4H Chart: Encounters unclear resistance

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

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

The common European currency is still being supported by a medium term trend line against the Swiss Franc. However, recently there have been new developments. 

The pair seems to be being held back by the resistance of the 1.1720 mark. Although, no clearly visible explanation for the existence of the resistance can be seen. 

Most recently the pair found support in the combination of the weekly PP and the 55-period SMA at the 1.1660 mark. Due to that reason another approach of the before mentioned resistance is about to occur.

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