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HomeContributorsTechnical AnalysisEUR/CHF Another Breakout Attempt?

EUR/CHF Another Breakout Attempt?

MultiBank Exchange Group
By MultiBank Exchange Group

Price has found support at the first warning line (wl1) of the minor ascending pitchfork and now could approach and retest the fourth warning line (WL4). Is bullish and could try to take out the dynamic resistance (WL4). Only a drop below the second warning line (wl2) of the major ascending pitchfork validates a further drop.

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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