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Aug 07 - 01:55 PM

EUR/CHF - Dip Buyers May Look To Take Profit

By Justin Mcqueen  —  Aug 07 - 11:35 AM
  • EUR/CHF is up +1.6% on the sesison, now 2.8% above Monday's low

  • Rallies into resistance at 0.9466-79 (200HMA/June lows)

  • Likely a good spot for dip buyers to take profit

  • Risk sentiment will remain the key driver for now

  • Thus with SPX stalling, EUR/CHF may drift lower from current levels

  • Support: 0.9380-0.9400, 0.9350

  • EUR/CHF-Blow-off bottom signal opens door to 0.95 nL1N3JS0WX

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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