Friday, April 29, 2011

EUR/CHF Repeating A Double Top At The 1.2960 Resistance

The recent from 1.28 has met resistance at 1.2960. During today’s European session, a double top is forming with a break below the 1.2910 support. The RSI in the 1H chart is breaking below 40 invalidating the bullish momentum, and threatening to establish bearish momentum. Looking at the 4H chart,

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