Forex: Evolution of EUR – CHF:
The EURCHF pair seems to have broken the 1.2744 support which was in force since the beginning of the year. The horizontal canal was started early and is still in force supporting the value of 1.2421. Since the RSI is a value that predicts the market clearly oversold bounce and is expected to be established as a first resistance and a second 1.3188 1.2744.
Moving averages remain the sell signal but must be followed very closely the price movements as they are about to be intercepted.
Another thing to note is that the pair continues to fluctuate below the middle line of the Bollinger bands.
The volume keeps fluctuating operating levels that began in June last year.
In the macroeconomic side ads that are most likely to influence the evolution of the pair are to be carried out on Germany’s gross domestic product and economic business climate survey and the conference will give the European Central Bank president.
Stay tuned for next weeks on our web users who want to invest in forex.
