Cross-rate signals: EUR/CHF maintains a downtrend

EUR/CHF is traded in a four-month downtrend, confining itself to resistance level 1.1550 and the upper limit of the downward channel, which gives grounds to expect a repayment from the level of 1.1550-30 and the resumption of the decline to the support levels: 1.1500 and 1.1470. The exit of a pair from an established channel will cast doubt on the possibility of a decline.

Read also: “Swiss franc (CHF) – features of trading on cross-rates”

Hanzenko Anton

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