Cross-rate signals: EUR/CHF is limited by downtrend

The EUR/CHF pair remains under the pressure of a downtrend completely breaking the upward trend of the outgoing month amid risks in the Eurozone and general negative sentiment on the stock exchanges.

Significant support for the EUR/CHF is the area 1.1350-40, breaking below which will open the way to the support levels: 1.1300 and 1.1270-50, confirming the downward trend and correction against the two-month growth. Resistance marks are: 1.1370 and 1.1390.

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Hanzenko Anton

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