Technical Analysis – EURCHF edges sideways in very short-term; strongly negative in medium term
Posted on April 9, 2020 at 9:43 am GMTEURCHF has been in a descending trend since April 2019 and is currently hovering near the five-year low of 1.0517. In the short-term, the price is lacking direction as it remains within the 1.0650 – 1.0517 channel over the last month and is capped by the simple moving averages (SMAs). According to the technical indicators, the RSI is pointing slightly up in the negative territory, however, the MACD oscillator completed a bearish crossover with its trigger line in the bearish [..]