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HomeContributorsTechnical AnalysisEUR/CHF Erased The Morning Losses

EUR/CHF Erased The Morning Losses

MultiBank Exchange Group
By MultiBank Exchange Group

The EUR/CHF opened with a gap down and dropped as much as 1.1487 level. The bulls have stepped in again and have forced the rate to climb above the 1.1510 yesterday’s low, but this could be only temporary and could drop again. The next downside target will be at the upper median line (uml) of the descending pitchfork.

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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