HomeContributorsTechnical AnalysisEUR/CHF Another Breakout Attempt

EUR/CHF Another Breakout Attempt

EUR/CHF resumed the yesterday’s bullish candle and climbed above the WL2 and the WL4, but failed to stay there. Price had lost altitude in the last hours, so a false breakout will signal an overbought and a potential drop at least till will reach the upper median line (uml).

I’ve said in another article that the rate could resume the upside movement if will jump and will stabilize above the 1.1415 level.

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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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