Technical Analysis – EURCHF confined to the vicinity of the base

EURCHF has pushed back below the converged simple moving averages (SMAs), erasing most of the recent gains from the multi-year low of 1.0504, which failed to exceed the 1.0610 obstacle. The pair, currently capped by the 100-period SMA at 1.0538, is trailing the lower Bollinger band as it inches towards the strengthened bottom in the […]