| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/CHF currency pair continued to trade within the falling wedge pattern (4H time-frame chart). The pair has already declined below 1.0700.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions. In this case the exchange rate could target the psychological level at 1.0800 in the medium term.
However, note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 1.0620 area. Thus, some downside potential could prevail in the market, and the pair could reach the lower boundary of the long-term ascending channel at 1.0500.