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EUR/CHF Forecast November 25, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 25, 2015, 05:54 UTC

The EUR/CHF pair initially tried to rally during the course of the day on Tuesday, but turned around at roughly 1.0850 in the middle of the session. With

EUR/CHF Forecast November 25, 2015, Technical Analysis

The EUR/CHF pair initially tried to rally during the course of the day on Tuesday, but turned around at roughly 1.0850 in the middle of the session. With this, we formed a shooting star and that of course is a very negative sign. However, there is a significant amount of support all the way down to the 1.0750 level, and any supportive candle in that region should have buyers stepping back into this marketplace. We believe that the market will then try to reach towards the 1.09 level as we continue to consolidate overall.

 

EUR/CHF Forecast November 25, 2015, Technical Analysis
EUR/CHF Forecast November 25, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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