0
60
EUR/CHF sellers stood their ground and buyers retreated in recent sessions as
MACD (26, 12, 9) has fallen off below its median line.
On a 4hr chart,
this technical condition may be taken by many trend-following traders as a
trigger to liquidate long positions.
The fact that the MACD hasn't been
under zero for at least one week of trading, reinforces the argument that room
for further EUR/CHF depreciation is there.