Trading Talks EUR/CHF April 25
The situation on the euro franc pair looks like a turning point.
The line of the thread, (draw it through the point of the previous correction), has lost its support and the channel is no longer holding back the price. MACD indicates that the signal line is crossed in the downward direction, which also indicates a possible continuation of the fall.
But there is still a key 50% retracement level ahead, which coincides with the 100 EMA on the 4-hour chart. In addition, the EMA 200 is already providing support.
Judging by the fact that the RSI has not yet reached oversold, the movement is not over yet. I will wait for confirmation and enter the market.