EUR/CHF cross forms a reversal

The EUR/CHF pair returned to the monthly downtrend, actually indicating the possibility of resuming the decline after attempts to grow and updating the high at 1.1380. It is also worth noting that the reversal pattern is being formed on the daily chart.

Transactions for the sale of the EUR/CHF pair should be considered on returning to the downward trend and fixing in it. The expected sales zone is located in the range from 1.1360 to 1.1340, which opens the way to support levels: 1.1300 and 1.1280. Resistance is located at levels: 1.1380 and 1.1400, fixing above which cancels expectations for decline.

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Hanzenko Anton

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