Raviraj
2
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Raviraj in Raviraj,

EUR/CHF

EUR/CHF reached yesterday 1,20 level. 

Some time ago Central Bank of Switzerland decided that EUR/CHF must not go lower than 1,20 - so there is no possibility of continuation of the downside trend.

Furthermore, jn the 4h chart RSI indicator and stochastics go upward, showing that there is a potential for growth.

I think that the nearest resistance line can be 1.208.