Sunday, June 30, 2013

EURCHF PRICE ACTION: Closing Price Reversal Setup: June 30, 2013

 On June 26th, I discussed the Counter Trend Fakey Setup on the pair which came off quite well, but has now failed to close above the 21ema dynamic resistance, facing a very significant selloff in its attempt, leading to the formation of  a closing price Reversal Setup. This is a bearish signal and could send prices lower.

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