Cross-rates signals : EUR/CHF is near the lower boundary of the upward channel

Cross EUR/CHF moved to the correction phase and declined to significant support levels on a decrease in activity in the market, with the lower limit of the monthly ascending channel. General sentiment and short-term trend indicate continued growth potential.

Deals for buy the EUR/CHF pair should be considered above the significant level of 1.1410-20.

Fixing above this level opens the way to resistance levels: 1.1460 and 1.1480. The support is located at the levels: 1.1390 ​​and 1.1370, fixing the pair below which calls into question the uptrend.

Read also: “Expectations from the pair NZD / USD at the end of the year”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Sanctions against Iran, their aggravation and impact on the world market
2. Multifactorial analysis of the Forex market
3. Expectations from the USD/JPY for the end of April – early May

Current Investment ideas:

1. CAT shares give SUPER-opportunity to earn in April!