| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Euro has been depreciating against the Swiss Franc since the beginning of December when the EUR/CHF currency pair failed to surpass the 1.1050 level.
From a theoretical point of view, it is likely that some downside potential could prevail in the market, as the exchange rate should target the lower boundary of the long-term descending channel located circa 1.0550 (1D time-frame chart).
If the given channel holds, it is likely that a reversal north could follow. Otherwise, a breakout south could occur. In this case, the exchange rate could decline below 1.0400.