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EUR/CHF Classical 07.16

EUR/CHF Classical 07.16

2010-07-16 05:00:00
Joel Kruger, Technical Strategist
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eurchf2

EUR/CHF: The market looks to have finally found a major base by the recent record lows at 1.3070, and the risks from here are for some significant additional corrective upside towards 1.4000 over the coming weeks. Daily studies have only just now turned up from oversold, while weekly and monthly studies still reside in oversold territory to provide additional confirmation for bullish outlook. Thursday’s close back above 1.3435 should confirm and accelerate.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 
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