Cross-rate signals: EUR/CHF keeps potential for growth

Cross-rate EUR/CHF, after a two-month growth, slowed down near the resistance level of 1.1990-1.200, which was caused by the overbought of this pair. At the same time, the overall uptrend in this pair continues to persist, and the flat formed confirms this dynamo. With the fixing of the price above the resistance of 1.2000, one should expect a test of resistance levels of 1.2030 and 1.2050. Support is located at the levels: 1.1960 and 1.1940, the consolidation below which will open the way to the level of 1.1900.

Fig. EUR/CHF. The current price is 1.1980.

Hanzenko Anton