EURCHF – Breaks the channel formation to the downside

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Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. June and July posted indecisive Inside Bars with all trading in the lower half of the May candle range. Marabuzo resistance (mid-point from the open and close) is located at 1.1745. Downward momentum from 1.1714 ...

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