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    EUR/CHF Stands On Thin Ice

    MultiBank Exchange Group
    By MultiBank Exchange Group

    EUR/CHF posted little gains today and tries to stay in the buyer’s territory, but I don’t know if will be possible after the false breakout above the WL4. Has come down to retest the WL2 and maintains a bullish bias as long as stays above this level. Will increase further only if will stabilize above the WL4 and if it will retest the upper median line (uml) of te minor ascending pitchfork.

    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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