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2 Jun 2015
EUR/CHF: Headed for 1.0524 Fibo - CB
FXStreet (Guatemala) - EUR/CHF has breached but not sustained a close below the 1.0305 7th May low and we note the TD perfected set up on the daily chart.
Key Quotes:
"This suggests that downside pressure is waning and for now we would exit any short positions."
"This suggests recovery and eventually the 1.0524 Fibo."
"Only a close below 1.0305 will abort this outlook as this will act as the break down point to the 1.0235 21st April low."
Key Quotes:
"This suggests that downside pressure is waning and for now we would exit any short positions."
"This suggests recovery and eventually the 1.0524 Fibo."
"Only a close below 1.0305 will abort this outlook as this will act as the break down point to the 1.0235 21st April low."