EUR/CHF
After a prolonged downward sequence, the euro-franc pair was stabilized around the bottom of 1.1970 (Weekly Support) entered into a stalemate with the price range of about 300 points. The sharp upward sequence of the last five days led the pair to the top of the range of stagnation around the 1.2320 levels, resulting in the last resistance that limits the range of stagnation stagnation upper range, around levels of 1.2300
Therefore, according fibonacci indicator, Euro-Swiss franc could resume its upward sequence he had in previous day, only if the price remains above weekly support around the 1.1970 , for a long position. With A goal of take profit around the 1.2350 level.
