Although on the 4 hour chart EUR/CHF cross currency pairs seems moving inside Bullish channel, but on the condition of Stochastic Oscillator indicator above the level 90 (Overbought) and ready to go down give the signal that in the nearest future there will be correction below to test Bullish Fair value gap area (Cyan box) around the level of 0,9915-0,9894. If this area level works as support area level which is trong enough, then EUR/CHF has the potential to appreciated again to the 0.9996 level as its first target and the 1.0096 level as its second target. On the other hand, if the Bullish Fair value Gap area level is not strong enough to hold back the EUR/CHF downward correction, especially if the 0.9879 level is successfully broken down, then it is highly unlikely that a rally will occur. on EUR/CHF in the near future.
(Disclaimer)
