EUR/CHF Weekly Market Analysis and Forecast
Saturday, 27 July 2024, 11:28
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EUR/CHF Weekly Outlook
The EUR/CHF currency pair has demonstrated a notable decline from 0.9772 to 0.9519 last week but has since recovered.
Current Market Conditions
- Initial bias is neutral this week.
- Further declines expected if 0.9641 holds as resistance.
Key Levels to Watch
- Rebound from 0.9476 is likely a corrective move completed at 0.9772.
- Below 0.9519 may retest 0.9476 support.
- A firm break below 0.9476 could lead to targets around 0.9320.
In conclusion, monitoring these levels will be crucial for traders looking to understand potential movements in the EUR/CHF pair.
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.