Сross-rate signals: EUR/CHF forms an uptrend

Cross-rate EUR/CHF, like most pairs on the euro, went into the correction phase after the decline. At the same time, this cross remains largely oversold and maintains an upward corrective trend.

Thus, fixing the EUR/CHF pair above the key resistance of 1.1570-80 will open the way to resistance levels: 1.1600-30 and 1.1670-1.1700. Support is located at the levels: 1.1500 and 1.1470.

Fig. EUR/CHF. Current price – 1.1540

Also, read: “Japan’s Stock Market and its Core Indices“

Hanzenko Anton