EUR/CHF Intraday Analysis and Price Forecast for Traders

Wednesday, 10 July 2024, 06:30
The EUR/CHF market outlook remains neutral as consolidation continues, with a potential for further rally while the crucial support at 0.9639 holds. A decisive move above 0.9754 is anticipated to trigger a retest of the recent high at 0.9928. Conversely, a breach of the support level at 0.9639 could signal a shift in bias towards retesting the recent low at 0.9476.
Actionforex
EUR/CHF Intraday Analysis and Price Forecast for Traders

EUR/CHF Daily Analysis

The intraday bias for EUR/CHF remains neutral amid ongoing consolidation.

Technical Forecast

A further rally is expected provided that the support level at 0.9639 remains intact.

  • Key Point: A break above 0.9754 could lead to a retest of the recent high at 0.9928.
  • Caution: Breaking below 0.9639 may shift the bias towards the downside.

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.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe