By FXEmpire.com

EUR/CHF rose, and then fell on Wednesday as traders sold off the world’s stock markets in a fear that the banking crisis in Europe is getting worse. The pair has been falling for a very long time now, and as such – we still prefer selling rallies. The 1.05 level held on Wednesday, and we think it holds again if we get there. The real question is whether or not we get that chance again. The breaking of new lows would have us selling as well.

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