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HomeContributorsTechnical AnalysisEUR/CHF Is The Retreat Completed?

EUR/CHF Is The Retreat Completed?

MultiBank Exchange Group
By MultiBank Exchange Group

EUR/CHF plunged in the yesterday’s session and touched the upper median line (uml) of the minor ascending pitchfork. Has closed much above the mentioned support level and above the third warning line (WL3) of the former descending pitchfork. Personally, I still believe that will come down to test and retest the confluence area formed at the intersection between the WL3 with the upper median line (wl1), only a rejection will signal a rebound.

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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