Contributors Technical Analysis EUR/CHF Breakout Or Fake Out?

EUR/CHF Breakout Or Fake Out?

The EUR/CHF opened with a huge gap down in the morning, but now is trying to close it. Price is trading in the green and struggles to stay in the green territory. You can see that has failed to stay above the third warning line (WL3) of the blue ascending pitchfork. Has found temporary support at the first warning line (wl1) of the minor ascending pitchfork. A valid breakdown below the WL5 and below the wl1 will confirm a corrective phase.

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