Cross-rate signals: EUR/CHF resumes an uptrend

Updating the lower border of the uptrend at 1.1680 justified the previous forecast for the EUR/CHF pair. Given the repulsion of this pair from the lower boundary of the uptrend, one should expect the resumption of the uptrend with a further update of the annual maximum.

The entry points to the purchase transaction should be regarded near the level of 1.1730-40, with further update of the highs of the year at the levels: 1.1770-80 and 1.1800. Alternative entry levels are: 1.1700-20 after the repeated test of support levels: 1.1700 and 1.1680. Fixing a pair below the support levels cancels the scenario for reinforcement.

Fig. EUR/CHF. The current price is 1.1720.

Hanzenko Anton