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

Cross EUR/CHF, after multidirectional trading on Monday, returned to the significant support of 1.1300, which also meets the lower limit of the weekly uptrend. It is expected continue of growth from this pair in conditions of maintaining optimism in the stock markets. In this case, purchase transactions should be considered when a zone of 1.1320-30 will be broken. This will actually form a “double bottom” pattern and open the way to resistance levels: 1.1350 and 1.1380. Support is located at the levels: 1.1300 and 1.1280, fixing the pair below which will cancel the expectations for growth.

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Hanzenko Anton

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