Cross-rates signals: EUR/CHF is preparing for reversal

The EUR/CHF cross, after breaking from the level of 1.1330-00, moved to the decline phase to resume the general downtrend, which traded the last three months. The sales area is located at the level of 1.1270-50, the consolidation below which will open the way to the support levels: 1.1200 and 1.1170. This corresponds to the general dynamics of the pair.

Read also: “British Pound (GBP) – Features of  Trading in Crosses”

Hanzenko Anton

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