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.
Recommended Articles
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the $2,100 resistance.
Related Instrument
