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traderpulse
Aug 28, 2020 1:20 PM

EUR/CHF Technical Analysis  Short

EUR/CHFOANDA

Description


The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
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