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EURCHF hits three-week low; bears still active in the short-term
EURCHF has been making lower tops and bottoms since October 26, stretching its downtrend to a three-week low of 1.1526 on Thursday. The pair is currently trading with a neutral bias on the four-hour chart, but risks remain to the downside in the short-term. The pair is capped by the 20-period MA below the Ichimoku cloud, sending bearish signals, while the bearish cross between the Kijun-sen and the Tenkan-sen also hints that a downfall might emerge. Yet, the fact that the RSI is close to its neutral zone, pointing to an upside and the MACD has slightly deviated above its signal line, showing that the pair might move ... (full story)