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MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/CHF - Continued Reversal

USD/CHF is definitely back to bearish. Hourly support at 0.9786 (14/12/2015 low) has been broken and hourly resistance can be found at 1.0328 (27/11/2015 high). Expected to show continued decline.

In the long-term, the pair has broken resistance at 0.9448 suggesting further uptrend. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours a long term bullish bias.

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