By Rita Ruvinski – The EUR jumped to session highs against the Swiss franc on Friday, and since then the pair continue to experience much bullishness, trading now around 1.4730. The bullish momentum continues with full steam, with 1.475 & 1.4765 as next price targets. Forex traders have the opportunity to join a very popular trend.
• Below is the 30min. chart of the EUR/CHF currency pair
• The technical indicators that are used are the Bollinger Bands and Relative Strength Index (RSI).
• Point 1: The pair has been trading in the upper half of the chart’s Bollinger Bands, indicating that the current trend will continue.
• Point 2: The Relative Strength Index (RSI) is supported by a rising trend line and calls for further advance.
Forex Market Analysis provided by Forex Yard.
© 2006 by FxYard Ltd
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