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USD/CHF Losing Momentum

MultiBank Exchange Group
By MultiBank Exchange Group

Price is trading in the red, but the bears are a little exhausted on the daily chart. Moves somehow sideways right now and the corrective phase could end soon. Technically, is hard to believe that will drop further to reach the 0.9427 spike low in the upcoming weeks, a rebound is more likely to come.

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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