Trading Talks EUR/CHF July 06
I wrote in the previous posts that the 0.9970 level has become a key point for the Euro Franc to continue falling. Now I noted a clear MACD position on the Daily, Weekly and Monthly charts, so the next key level is 0.9650, which was reached last in January 2015. So far, I do not consider other levels for which the euro franc could cling and escape from a deep fall. Also, it is important to note that there is no MACD divergence on the above mentioned time frames, but there is RSI oversold. According to divergence on the 4-hour chart, the chance of a short-term correction to 1.004 or higher, to 1.016 is increasing.
