Сross-rate signals: EUR/CHF is preparing for correction

After the cross EUR/CHF significantly decreased by the common weakness of the euro, this pair remains in a significant oversold. Also, this cross is limited to the low of last week at the level of 1.1860, the consolidation of the pair below which will cancel expectations for correction and return to a restrained downward trend.

The return of cross above the level of 1.1880-90 will indicate the return of EUR/CHF to the established channel and will open the way to the resistance levels: 1.1920-30 and 1.1960.

Fig. EUR/CHF. Current price – 1.1870

Hanzenko Anton