От: Дима Chernovolov
EUR/CHF continues to rise inside the 4-hour Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 4-bar level – which reflects the slow Initial Trend (2 брусья), below-average Uniformity (3 брусья) and above-average Clarity (6 брусья). EUR/CHF is expected to rise further inside this Up Channel in line with the earlier breakout of the major resistance level shown below.
As can be seen from the daily EUR/CHF chart below, the price recently broke above the powerful resistance level 1.1800 (which has been reversing the price from the middle of January) – which accelerated the active price impulse from the start of February. The price level 1.1800 is acting as support after it was broken. The proximity of this support level increases the probability EUR/CHF will continue to rise inside this Up Channel.
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.
Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com