| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇓ | ⇘ |
The EUR/CHF currency pair has been trading within the descending channel since the beginning of June. As apparent on the chart, the pair has already surpassed the psychological level at 1.1100.
From a theoretical point of view, it is expected, that the Euro could continue to depreciate against the Swiss Franc within the given channel. Important support levels to look out for is the monthly S1 and S2, located at 1.1020 and 1.0935 respectively.
However, note, that the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located circa 1.1040. Thus, if the given channel does not hold, the rate could trade upwards in the nearest future. A possible target is the monthly PP at 1.1143.