EUR/CHF Classical 05.28
EUR/CHF –Critical barriers by 1.4000 have been successfully defended and the market has bounced violently to allow studies to unwind from oversold. However, solid internal resistance in the 1.4600’s has capped the surge, with the downtrend still firmly intact and opening the next downside extension back towards and eventually below 1.4000 over the coming sessions.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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