Fri, Apr 19, 2024 @ 23:29 GMT
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HomeContributorsTechnical AnalysisEUR/CHF Further Drop Seems Possible

EUR/CHF Further Drop Seems Possible

MultiBank Exchange Group
By MultiBank Exchange Group

The EUR/CHF dropped further and resumed the bearish momentum. It has touched fresh new lows, but the downside momentum was paused by the confluence area formed between the upper median line (uml) of the minor ascending pitchfork with the fourth warning line (WL4). Technically, it should drop further after the failure to stay above the dynamic obstacles.

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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