SNB Jordan: Can’t exclude more interest-rate increases, ready to be active in FX markets
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Swiss National Bank Chairman Thomas Jordan is crossing the wires and has stated the following:
On the following daily chart,m we can see that the price is moving lower with a descending channel:
Zoomed in …
The M-formation is pulling the bulls in from support with a focus on the 50% mean reversion target as the top of the channel resistance and neckline of the pattern near 0.9170.
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