EUR/CHF 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Euro-Swiss franc cross is continuing its slow but steady rally. Pairs further development raises very few questions. Short and medium term technical indicators point at further appreciation of the pair. We can also observe clearly bullish sentiment in the market—75% of all open positions are long and 90% of all pending orders are long on the pair as well. Short term dips and sell offs of course are possible, but it seems impossible to see a dip below the 200-bar SMA.

© Dukascopy Bank SA
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Tue, 02 Jul 2013 08:20:52 GMT

EUR/USD 1H Chart: Double Bottom

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