EUR / CHF rebounds, besiket nivo 1.0870 opnij te testen

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RESULTS

Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400

EUR / CHF Priis Lange termyn Trend: fariearjend
EUR/CHF is still fluctuating between levels of 1.0720 and 1.0850. The pair fell sharply to the lower price level after testing level 1.0850. Since July, the key levels of the market are yet to be broken. The pair has resumed a fresh uptrend.

Daily Chart Indicators Reading:
It pear is op nivo 56 fan 'e Relative Strength Index perioade 14. It ymplisearret dat de merk yn' e uptrend sône is en boppe de middenline 50. De 50-dagen SMA en 21-dagen SMA binne horizontaal slop. It jout de sydlingstrend oan.

EUR / CHF Trend op 'e lange termyn: Bullish
On the 4-hour chart, the pair has resumed the uptrend. The price has been facing resistance at level 1.0840. A break above the resistance will mean a further rise of the currency pair. A retraced candle body tested the 38.2% Fibonacci retracement level. This implies that the pair will reach a high of 2.618 Fibonacci extension level.

4-oere grafyske yndikatoaren lêze
The 50-day and 21-day SMAs are sloping sideways indicating the previous trend. The pair is below the 20% range of the daily stochastic. It indicates that the market is in a bullish momentum.

Algemien Outlook foar EUR / CHF
EUR/CHF is in a sideways move. The pair has not resumed a full upward move. The upward move has been restricted below level 1.08700. The pair has resumed a fresh uptrend. Perhaps, it will break level 1.08700 and continue the up trending.



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