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Forex: Evolution of EUR CHF

May 24, 2012 by Forex Market

Forex: Evolution of EUR CHF:
EURCHF The pair continues to fluctuate within a bearish channel that shows no signs of weakening. Almost 11 months met the validity of it and continues to maintain its validity.

The price is very close to the ground the same, and forecast a rebound towards 1.2690.

Analyzing graphs with different time horizon can be seen that the buy signal is in force in all (according to the teaching of the crossing of moving averages), except in the daily analysis, but the RSI does not suggest an area of on sale.

With regard to bollinger bands the pair continues to operate below the midline of this.

Can be set as the first resistance 1.2461 par value of the second being the roof of the bearish channel which is close to 1.2695.

The volume level is maintained within the operating range of the last two months.

For this week are not expected to publish economic data of great importance that may directly affect the currency pair.

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