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  1. #1
    Specialist Member RCox's Avatar

    EUR/CHF on the Verge of Major Fib Break !!!

    EUR/CHF on the Verge of Major Fib Break

    As expected in the weekly trade, the EUR/CHF is making a major push higher and we are not coming into critical Fib resistance at 1.2390. This area is historical resistance as well as the 61.8% retracement of the move from the yearly highs just below 1.26. A break and daily close above the current Fib levels targets a full retracement longer term.

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  2. #2
    Rookie Member
    Yes, we almost touched this level today and again switched lower, but I think we could break it very soon.

  3. #3
    Specialist Member RCox's Avatar
    As expected:

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    We are probably in store for new highs for the year, but if you are not already in this trade, you will need to wait for a pullback as this latest move has been massive.

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