Cross-rates signals: EUR/CHF forms a “double top”

The EUR/CHF pair after the recent upward rally of the euro formed a “double top”  limited to the level of 1.1280-70. The bearish divergence of the MACD indicator is an additional factor in the decline of this cross.

Fixing the EUR/CHF pair below 1.1280-70 will open the way to support levels: 1.1240 and 1.1220. Resistance is the level of 1.1300.

Read also: “Changeable and unchangeable things in the foreign exchange market or adaptation is the way to profit”

Hanzenko Anton

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