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.”
(Market News Provided by FXstreet)