EUR/CHF
After a prolonged downwards trend, the Euro - Swiss Franc pair has stabilized around of 1.2803, The sharp upwards movement from beginning of year brought the pair towards the upper part around the levels of 1.3193. in this moment the pair met at the monthly pivot and 1st weekly support , according the indicator fobonnacci the pair is in its 50% retracement, in this level the pair has bounced upward seven times.
The positive deviation on the stochastic indicator supports a new wave of upwards movements, we expect the pair to return to its previous highs around 1.3126
