Technical Analysis – EURCHF returns to bearish mode; eyes multi-year low

EURCHF sellers continue to drive the pair down, pushing it back towards multi-year low levels. During October, buyers’ efforts were unsuccessful in breaching the capping 1.1064 resistance level, which is the 38.2% Fibonacci retracement of the down leg from 1.1475 to 1.0810, with the price eventually piercing below the simple moving averages (SMAs) and Ichimoku […]