Forex Trading: EUR/CHF Testing Downward Trend Line Resistance
Over the past hour and a half we have seen some rebounding in the euro with the EUR/CHF testing resistance around 1.2191 where we find both the 50.0% retracement line on the last hourly move and trend line resistance which has been developing since October 20th. If resistance holds we look to 1.21648 at the downside target; a close above the trend line/50.0% could signal continued upward pressure.
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