Cross-rate signals: EUR/CHF is under the pressure from risks - Ester Holdings
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Cross-rate signals: EUR/CHF is under the pressure from risks

Cross EUR/CHF looks very overvalued, in the face of a slowdown in the global economy and the possibility of risks of aggravation of the trading situation  especially given the risks of a tough Brexit. Therefore, the EUR/CHF is prone to decline after a slight upward correction.

The sales area ranged from 1.1000 to 1.0970, where the priority of the sale after returning higher and breaking through the level of 1.1000 again.

Resistance levels are located at marks: 1.10010 and 1.1030. Support and targets are marks: 1.0930 and 1.0900.


Read also: “Prospects for the USD/JPY pair for early July”

Hanzenko Anton


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