EUR/CHF drops as expected

EUR/CHF 0.9619 Downside Obstacle Ignored!

The currency pair dropped and now is located at 0.9596 at the time of writing. You knew from my previous analysis that dropping below the uptrend line announced a potential downside reversal.

I've also told you that 0.9619 represented a downside obstacle. Now, it has dropped below it, activating more declines.

EUR/CHF Trading Conclusion!

Dropping far below 0.9594 confirmed a downside continuation and was seen as a selling opportunity.

The material has been provided by InstaForex Company - www.instaforex.com

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