• EUR/CHF extending higher, clearing long-term resistance at the 200DMA cluster

• Immediate topside focus shifts to 0.9250-66 (Apr-May highs)

• Daily close above 200DMA is key, given it would reinforce the bullish momentum if sustained

• Note prior breaks above the 200DMA have lacked follow-through, thus durability remains in question

• For now, the lower vol backdrop favours carry trades, which will be a headwind for CHF

• Near-term support at 0.9200 with a deeper cushion below at 0.9100
EURCHF daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))