Cross-rate signals: EUR/CHF returns to significant support

Cross EUR/CHF came under pressure and returned to the support level of 1.1400 on political risks in the Eurozone because of the Italian budget and the general flight of investors from risks. It’s pointing to the test of the lower boundary of the upward channel, which can be traced from mid-September.

At a break from the level of 1.1400 it is worth considering  purchases with a test of resistance levels: 1.1450 and 1.1480. Support is located at levels: 1.1380 and 1.1360.

Read also: “Price Levels – A Technical Analysis Tool”

Hanzenko Anton

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

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