Сross-rates signals: EUR/CHF is near significant resistance

The cross EUR/CHF has been trading in an uptrend during all the week on reducing risks and weakening of the US currency, which supported the euro. At the same time, the bearish divergence formed on the higher timeframes D1, which confirms keeping the general downtrend, from the upper limit of which we can expect a reversal.

The EUR/CHF reversal zone is in the range of 1.1420-40. In this case, significant resistance levels are: 1.1450 and 1.1470. With the resumption of the downtrend is expected to test support: 1.1380 and 1.1350.

Read also: “An integrated approach – the best trading strategy”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. The Australian dollar (AUD) is in anticipation of the annual correction! What to expect?!
2. Dow Theory – Averages must confirm each other!
3. Market activity depending on the days of the week

Current Investment ideas:

1. “3 reasons to buy  Cisco Systems Inc. shares”
2. “It’s time to hit the jackpot on the sale of McDonalds shares!”