EUR/CHF Classical Technical Report 08.16
EUR/CHF: The latest sharp reversal off of record lows just shy of parity is encouraging and could finally be starting to signal the formation of a major base. Weekly studies are also confirming with the formation with a very bullish bottom close. From here, look for an acceleration of gains back towards the 1.2000 area over the coming days with setbacks expected to be well supported above 1.0800 on a daily close basis.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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