EUR/CHF Daily Update: Analyzing the Potential Rally Ahead
Tuesday, 16 July 2024, 06:29
EUR/CHF Daily Update
The EUR/CHF pair is demonstrating an ongoing uptrend from the level of 0.9476, indicating a positive momentum in the market.
Potential Rally to 0.9928
If the key support at 0.9677 is maintained, the pair is likely to target the high of 0.9928, presenting a significant opportunity for traders.
Downside Risks
Conversely, a decisive breach of the support level at 0.9677 could lead to a shift in market sentiment, potentially triggering a deeper downward correction.
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.