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EUR/CHF stages crushing decline Manufacturing
 
02-November-2016
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The 1-hour EUR/CHF MACD series is sitting at extreme lows.

Recent plummeting EUR/CHF price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.
 
 
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