Technical Analysis

EUR/CHF Breakout?

Typography

Price extends the latest gains and looks determined to breakout from the minor descending pitchfork. I've said in the previous reports that price should reach the upper median line (uml) of the descending pitchfork after the failure to reach the median line (ml). A valid breakout above the WL5 and above the upper median line (uml) will validate an increase at least till will reach the 1.1621 previous high.

Author: MultiBank Exchange Group Website: http://www.mexgroup.com
MultiBank Exchange Group
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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