Currency pair EURCHF corrected Friday’s declines to 61.8% Fibo retracement and you can already see the lack of strength to growth. You can also see the divergence between the behavior of price and RSI indications.

In addition, the uptrend line has been broken and closing was below the 20-period SMA, which may indicate the end of correction. An additional confirmation in this case will be closure below the local low.

2906-EURCHF


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