Cross-rates signals: EUR/CHF is oversold

Cross EUR/CHF  was near significant support 1.1380-70 after reducing the euro on political risks and the growth of the American dollar. This support corresponds to the lower boundary of the upward channel. Considering the oversoldness of this pair and the reduction of risks in the market, it is worth considering purchase transactions with the following goals: 1.1420 and 1.1450. Strong support is located at levels: 1.1350 and 1.1330.

Read also: “How long will  last the US trade war against all?!”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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