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
Bitcoin shows strong correlation with institutional demand following 7% uptickBitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Despite higher-than-expected Producer Price Index (PPI) inflation data for November, Bitcoin surged to new eight-week highs, diverging from US stock markets.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Related Instrument
