Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.2980, 1.2950 and 1.2860/50.MACD histogram is located in the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy EUR / CHF.
Stochastic Oscillator is in the overbought zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in the cross rates again could intensify bullish sentiment, we can only wait for the breakdown of the local maximum of 1.3180, which will open the path to levels of 1.3250 and 1.3350/60.
Resistance levels: 1.3180, 1.3200/10, 1.3250, 1.3300/10, 1.3350/60
Current Price: 1.3160
Translate this page
