Cross-rate signals: EUR/CHF remains the upward channel

The EUR/CHF cross, after almost two-week restrained growth, broke the downward dynamics and formed an upward channel, the lower border of which passes near the marks 1.1420 and 1.1400. As a result, it is worth to consider the purchase transactions with the targets 1.1460-50 and 1.1480-1.1500 on the rebound from these levels.

Read also: “Fundamental analysis: The labor market and its impact on the dynamics of the national currency”

Hanzenko Anton

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