EUR/CHF increased on Monday and continues to stay in the buyer’s area. The rebound invalidated the Friday’s breakdown below the fourth warning line (WL4). However, the rate could still come down to test and retest the WL4 and the second warning line (wl2) of the minor ascending pitchfork.
The current drop was natural after the failure to reach the confluence are formed by the third warning line (WL3) of the major ascending pitchfork with the second warning line (wl2).
