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EUR/CHF - a Bullish Outlook above the 200day SMA
Choppy rally: Ever since springing up from the 1.20 “peg” in late 2012, the EUR/CHF has been trading in a choppy manner, but with a bullish bias. It has remained above the 200-day Simple Moving Average (SMA) since breaking above it in Sept. 2012. The RSI reading has been able to tag 70, but held mostly above 40, except in February through March where it broke 40 many times, but did eventually move back up. The RSI has been holding above 40 since June, and indication that the overall bullish momentum, though choppy, is still on. A push above 60 should reflect price action in bullish continuation. Spring from ... (full story)