25
1440 days ago
I've redrawn the fib to start from nov 1st month's high 1.3833 instead of steady decline from 19.11. The pair bounced off 382 fib to end the week by 1.2897. The RSI shows significant acceleration which could be artificial as the longer term outlook for the euro is to the downside but this is an odd pair, especially given the franc's long term stability so I'm expecting a pullback and, eventually, a resumption of the downtrend. Staying on sidelines for now.

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