In a 4-hour graph the EUR/CHF currency pair is rolling back after it could not test the resistance level 1.2000. Nevertheless, the viewpoint at the pair remains bullish as the uptrend remains.
Earlier in a 4-hour graph the pair formed a Long Shadows candlestick giving a bullish signal.
This candlestick shows that the pair was demonstrating downside movement during several months after an unsuccessful attempt to break the resistance level 1.3238. However it reversed near 1.0070, which means that the bears did not manage to solidify here and further the bulls started to dominate.
Break of the 1.0800 level and the Fibonacci correction level 23.6 proves this point of view. This resulted in an upside movement to the resistance level 1.1400 where the Fibonacci level 38.2 is also located. Its break targeted the pair to 1.2000.
Upside movement is supported by the RSI divergence.