By Justin McQueen — Jun 24 - 04:16 AM
• EUR/CHF continues to trade within its well-defined range (0.9300-0.9450)
• Though as tensions between Israel & Iran ease, EUR/CHF can drift higher
• Inability to sustain a drop on tensions will have encouraged EUR/CHF bulls
• However, while risks lean on the upside - a catalyst is lacking
• Therefore, in the short-run, EUR/CHF remains stuck in a range
• Resistance = 0.9430-50, break opens up 0.95. Support = 0.9300-10
EURCHF daily chart
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
