After the mess happened beginn January 2015 when the cap of 80cts was removed and CHF was rapidly pumped the CHFEUR pair entered in a corrective phase. Bottom of the correction was the ancient cap fixed by the swiss central bank. Since there CHF resumed the longterm rising trend.
2 years after the january pump, the price stagnated between 90cts and 94cts per Euro.
Recently we entered again in this range and 90 cts is a strategical level as it acted more than 1 time as support and resistance. Logically I think that this level will turn again in support and the pair will consolidate another couple of years in this range of price before going somewhere else
BIO
2 years after the january pump, the price stagnated between 90cts and 94cts per Euro.
Recently we entered again in this range and 90 cts is a strategical level as it acted more than 1 time as support and resistance. Logically I think that this level will turn again in support and the pair will consolidate another couple of years in this range of price before going somewhere else
BIO