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HomeContributorsTechnical AnalysisEUR/CHF Stabilized In The Green Zone

EUR/CHF Stabilized In The Green Zone

MultiBank Exchange Group
By MultiBank Exchange Group

EUR/CHF increased on Monday and continues to stay in the buyer’s area. The rebound invalidated the Friday’s breakdown below the fourth warning line (WL4). However, the rate could still come down to test and retest the WL4 and the second warning line (wl2) of the minor ascending pitchfork.

The current drop was natural after the failure to reach the confluence are formed by the third warning line (WL3) of the major ascending pitchfork with the second warning line (wl2).

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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