Euro Franc may continue to fall soon

Trading Talks EUR/CHF June 15

Еuro Franc may continue to fall, which will complete the correction within the uptrend. This is indicated by the MACD on the hourly chart and is close to the signal on the four-hour chart. The EMA 200 line is slightly above the previous weekly low, but in fact, the first support is 1.0365, and second is 1.0341. Considering that RSI is not close to any of the signal zones, we can also assume that the fall will not be stopped by these supports and will end at the support of the uptrend.
It is important to note that the current trend on the 4-hour chart is a correction inside a strong downtrend on the weekly chart. Whether the correction will reach the next level of 1.0610 will be a matter of the next weeks. In the coming days, we will observe more local movements inside the area of 1.05150 – 1.0300