Cross-rate signals: EUR/CHF is traded in flat

The EUR/CHF cross-rate trades for the third consecutive day in a sideways trend, limiting itself to the trading range from 1.1880 to 1.1840, coming out of the rising channel, but retaining the potential for strengthening and triggering the unloading of overbought indicators.

The breaking through of resistance level 1.1880 will indicate the preservation of the global upward trend and will open the way to new four-year highs. At the same time, breaking through the support at 1.1840 will reduce the probability of growth and indicate a deeper correction to support levels of 1.1800-20.

Fig. EUR/CHF. The current price is 1.1860.

Hanzenko Anton