EUR/CHF Rebound Continues Amid Sideways Movement: Analysis and Projections

Sunday, 7 July 2024, 10:20

The EUR/CHF pair saw a rebound from 0.9476 to 0.9754 before entering a sideways phase. While the initial bias remains neutral for this week, there is a possibility of a deeper retreat with support at 0.9639. However, the overall sentiment favors a further rise towards the 0.9928 high. A break below 0.9639 could signal a downside reversal towards the 0.9476 low.

Actionforex — EUR/CHF Rebound Continues Amid Sideways Movement: Analysis and Projections

EUR/CHF Weekly Outlook

EUR/CHF's rebound from 0.9476 extended to as high as 0.9754 last week and turned sideway since then. Initial bias remains neutral this week first for consolidations. Deeper retreat might be seen but further rise is in favor as long as 0.9639 support holds. Above 0.9754 will target 0.9928 high. Nevertheless, break of 0.9639 will turn bias back to the downside for 0.9476 low instead.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

EUR/CHF Weekly Outlook

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