Cross-rate signals: EUR/CHF is oversold

Cross EUR/CHF came under the pressure to exacerbate risks on Brexit and the resumption of negative sentiment in the market. But in conditions of a noticeable overselling of the pair and a monthly uptrend, a further decline in the euro against the franc remains difficult. Significant support are the levels: 1.0860 and 1.0830, from which a reversal is expected.

Deals for buy should be considered when returning above the zone of 1.0880-1.900, which will resume the upward trend of the past week.

Goals and resistance settled at 1.0950 and 1.0980.

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Hanzenko Anton

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