| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The EUR/CHF exchange rate has been going downwards since the middle of May when it reversed from the upper boundary of the long-term descending channel at 1.1440.
As apparent on chart, the currency pair is trying to surpass the support level formed by the Fibonacci 0.20% retracement at 1.1195. Note, that the pair is pressured by the 55-, 100– and 200-hour SMAs, thus, it is likely, that bears could continue to prevail in the market. A possible downside target is the monthly S2 at the 1.1050 mark.
If the given support level holds, it is expected, that the rate could reverse north and re-test the upper channel line.