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EUR/CHF Bullish Until Sellers Appear

EUR/CHF extends the amazing rally, has managed to climb above the 1.1450 level on Monday, much above the 1.1405 last week’s high. Price dropped in the fresh start of the week, but the buyers are still in the game and have forced the rate to breakout above the confluence area formed between the wl2 and the wl1.

You can see that has reached another upside target (WL4), a valid breakout above the fourth warning line (WL4) will confirm a further increase.

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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