EUR/CHF: A brief pullback is under way – BBH
Source Fxstreet
EUR/CHF recently reclaimed the 200-DMA and broke out from a multi-month base resulting in an extended bounce, BBH FX analysts report.
EUR/CHF can bounce back off of 0.9445
"The move has faced interim hurdle at 0.9660 earlier this month. A brief pullback is under way. Next support is located at the upper part of previous base near 0.9500. In case the pullback deepens, the 200-DMA near 0.9445 would be a key level. Defence of this can result in persistence of up move."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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