EUR/CHF Daily Outlook: Key Levels to Watch for Potential Breakout

Friday, 12 July 2024, 07:09

The intraday bias for EUR/CHF remains neutral as the consolidation phase persists below the critical level of 0.9753. While a downward movement cannot be ruled out, the overall expectation points towards a further rally, especially if the support at 0.9639 holds. A break above 0.9754 could lead to a retest of the high at 0.9928. However, a breach of 0.9639 might reverse the bias, targeting the low at 0.9476.

Actionforex — EUR/CHF Daily Outlook: Key Levels to Watch for Potential Breakout

EUR/CHF Daily Outlook

Intraday bias in EUR/CHF remains neutral as consolidation continues below 0.9753.

Another dip cannot be ruled out yet, but further rally is expected with 0.9639 support intact.

On the upside, above 0.9754 will resume the rebound from 0.9476 to retest 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 Daily Outlook

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