EUR/CHF: Fails to confirm yesterday’s break

Author: Sean Lee | Category: News

There was a big move lower in the CHF crosses during early European trade yesterday (GBP/CHF in particular; I should know as I was long) and this followed on from what was ostensibly a bullish break in EUR/CHF during Asian trade. We often get false breaks during Asia especially in the less-heavily-traded pairs and that’s what we might have seen yesterday. It’s always best to wait for confirmation on these long-term technical breaks.

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