The EUR/CHF currency pair on the 4-hour time frame has been following an uptrend recently. The price broke above the 1.14000 level to register the highest level in 3 months at 1.14394 on 22 April. The price action in the EUR/CHF is mainly driven by the weakness in the Swiss Franc. The price is currently hovering around 1.14300, eyeing another high in coming days.
The 4-hour chart of the EUR/CHF confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the EUR/CHF. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment.
In alternative scenario, first support level lies at 1.3661. Bears must break this level in order to regain bearish sentiment in the market.
The 4-hour chart of the EUR/CHF confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the EUR/CHF. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment.
In alternative scenario, first support level lies at 1.3661. Bears must break this level in order to regain bearish sentiment in the market.