| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The EUR/CHF exchange rate has been extending gains since the beginning of April after it re-tested strong support level—the Fibonacci 0.20% retracement at 1.1195.
Currently, the rate is testing the 100-hour SMA at the 1.1422 mark. Given that the currency pair is supported by the 200-hour SMA, it is likely that bulls prevail in the market in the short run. Important resistance level to look out for is the Fibonacci 38.20% retracement at 1.1504.
If the given resistance holds, it is expected, that the pair reverses south. Otherwise, the rate could reach the Fibonacci 50.00% retracement at 1.1600.