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Forex: Evolution of the EUR / CHF

May 25, 2012 by Forex Market

Forex: Evolution of EUR CHF

The EUR CHF fluctuates within a downward channel for 10 months and no signs indicating that no force will be soon.

The quote is on the floor of the channel so you can forecast a rebound to levels very close to 1.2700. But for the moment remains in force the sell signal is given by the crossing of moving averages but the value of RSI are predicting that this will change in the coming sessions as it is in a warning area 35.78. This same configuration is valid indicators of different graphics within time so you can say that change is imminent.

The EUR CHF should be monitored closely during this week and that given the history of recent months can predict with greater accuracy the likelihood of development of foreign exchange.

The operating volume continues to establish the range started in September last year.

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  1. Forex: Evolution of EUR CHF

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