Cross-rates signals: EUR/CHF is in the purchasing area

After updating the three-year maximum last week, the cross-rate EUR/CHF remains in the correction phase. Given the safety of an almost one-year uptrend, this pair remains near significant support, which corresponds to the lower limit of the rising channel.

The levels of support and the purchasing zone are: 1.1630 and 1.1600-10, from these levels it is worth waiting for the resumption of the uptrend with the further test of resistance 1.1700-20. Significant support is located at the levels: 1.1600 and 1.1540-60, fixing the price below these levels cancels the scenario for strengthening and will call into question the safety of the uptrend.

Recommended for reading: USD/CHF is near an important cluster.

Hanzenko Anton