Cross-rates signals: EUR / CHF waiting for correction
Cross-rate EUR / CHF, after a rapid growth in the strengthening of the euro, which contributed to the decline of the US dollar, was in a significant overbought, which also indicates the formation of a bearish divergence.
The signal for entering the sale will be the return of the cross to the established channel and the break through of support 1.1600, which will open the way to the support levels: 1.1570 and 1.1550. Resistance are the marks: 1.1630 and 1.1650. It is worth noting that the trade is carried out against the trend.
Read also: “How to get out of the lock? Let’s consider all options! “
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Hanzenko Anton