EURCHF Rebounds on 5-Year Low; Strongly Negative in Long-Term
<p>EURCHF is trading slightly above the five-year low of 1.0515, flirting with the 20-day simple moving average (SMA) and the immediate resistance at 1.0615, which coincides with the 40-day SMA. The market is remaining well below the descending trend line, creating a strong selling trend which began eleven months ago. Technically, the RSI indicator is pointing up in the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/282306-eurchf-rebounds-on-5-year-low-strongly-negative-in-long-term/">EURCHF Rebounds on 5-Year Low; Strongly Negative in Long-Term</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>