Technical Analysis – EURCHF’s buyers correct to the 23.6% Fibonacci level

EURCHF, after a four-month decline, had bulls emerge to propel the price upwards to the 1.0970 resistance looking for further gains. The level is the 23.6% Fibonacci retracement of the down move from 1.1475 to 1.0810, and where the 50-day simple moving average (SMA) currently lies. Failing to breach, the current stalling price at the […]