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HomeContributorsTechnical AnalysisEUR/CHF Upside Uncertain

EUR/CHF Upside Uncertain

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CHF is struggling to hold ground as the yesterday’s drop invalidated a further upside movement. You can see that we had a false breakout above the first warning line (wl1) and above the fourth warning line (WL4). A failure to climb and stabilize above these levels will send it towards the upper media line (uml) again.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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