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EUR/CHF Breakout Or Fake Out?

The EUR/CHF opened with a huge gap down in the morning, but now is trying to close it. Price is trading in the green and struggles to stay in the green territory. You can see that has failed to stay above the third warning line (WL3) of the blue ascending pitchfork. Has found temporary support at the first warning line (wl1) of the minor ascending pitchfork. A valid breakdown below the WL5 and below the wl1 will confirm a corrective phase.

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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