Cross-rate signals: EUR/CHF is near significant resistance

The EUR/CHF cross-rate is caught in a weekly downtrend, limiting itself to risks relative to the US trade war. A break from the level of 1.1700-1.1680 will indicate a resumption of the downtrend with a test of support levels: 1.1650 and 1.1630-20. On the other hand, the consolidation above 1.1700-10 will cancel the scenario for a decrease and will return to the sideways trend with resistance levels of 1.1730 and 1.1750.

Fig. EUR/CHF. The current price is 1.1690.

Hanzenko Anton