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