FX.co ★ EUR/CHF Technical Correction, August 30, 2011 (Daily Strategy)

EUR/CHF

It is estimated that the pair will now take a break just before the continuation of the upward movement registered in at least expect a correction 1.1971 to, weekly pivot line around 1.1560

Since the pair still has a lot to correct, we will comply with the setback line to 50-day moving average which is slightly below the trend line of the main pair. is important to analyze at this level, if the pair decides to resume its upward sequence, or continues the downward trend that leads.