EURCHF has been gaining some ground in the short term after its sharp decline came to a halt at the all-time low of 0.9530. However, the recent price recovery has been repeatedly held down by the descending 50-period simple moving average (SMA) and the upper Bollinger band. The momentum indicators currently suggest that bullish forces remain in control, but […]
The post EURCHF Consolidates as 50-SMA Caps Latest Rebound appeared first on Action Forex.
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