EUR/CHF looking to test the next Fibo target in the upside

EUR/CHF looking to test the next Fibo target in the upside

EUR/CHF is currently trading above the 200 SMA at H1 chart and remains supported by the Fibonacci level of 50% at 1.1561. That area could provide a pivot for the pair in order to reach new highs across the board. If that happen, further gains are expected towards the first Fibonacci target of -23.6% at 1.1763. The invalidation point for the pair lies at 1.1530, at which a breakout should strengthen the bearish bias.

RSI indicator is entering the neutral territory, calling for sideways.



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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