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5 Aug 2014
SEB: EUR/CHF interesting and bullish setup - eFXnews
FXStreet (Łódź) - The eFXnews team comment on SEB's observation that EUR/CHF rose above the 2013 falling top line last week.
Key quotes
"A line that repeatedly has been capping upside attempt."
"However what makes the setup even more interesting is the fact that the setback back down to test the break occurred in a clear corrective three wave fashion."
"So if following the textbook a continued ascent and break of the 55d ma band to soon be seen."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"A line that repeatedly has been capping upside attempt."
"However what makes the setup even more interesting is the fact that the setback back down to test the break occurred in a clear corrective three wave fashion."
"So if following the textbook a continued ascent and break of the 55d ma band to soon be seen."
'This content has been provided under specific arrangement with eFXnews.'