EUR/CHF Н4 The support at the level of 0.9160 is currently holding back the quotes from falling lower, providing an opportunity for the pair to move north. However, the moving average is currently above the quotes, acting as resistance for the pair. This moving average may simply provide resistance and push the quotes to attempt a breakthrough of the support. Of course, if the pair manages to consolidate below the level, it can continue south to avoid a false breakout. And if the moving average does not offer resistance, then it seems reasonable to confidently continue north towards the resistance at 0.9235.
