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Monthly Chart 1
Well earlier in start of this year of 2015 on the 15th of Jan, we saw Swiss National Bank rat cut interest rate from -0.25% to -0.75%. So price came down from 1.0200 down to 0.8330, like around 2000pip drop. Where price became oversold. And than we later saw alot of buying upto month of March when we saw EUR/USD near 1.0450$ for 1€. So, fed had to control price of USD, so there was no interest rate hike in that month, hence we saw a pullback at point 3 down to point 4 our high…
Well earlier in start of this year of 2015 on the 15th of Jan, we saw Swiss National Bank rat cut interest rate from -0.25% to -0.75%. So price came down from 1.0200 down to 0.8330, like around 2000pip drop. Where price became oversold. And than we later saw alot of buying upto month of March when we saw EUR/USD near 1.0450$ for 1€. So, fed had to control price of USD, so there was no interest rate hike in that month, hence we saw a pullback at point 3 down to point 4 our high…