16
QWby u/qing_watanabe·7hAnalysis

$EURCHF: Watching the 0.9400 area carefully

Been looking at $EURCHF for a bit here. It's pushing up against that 0.9400 psychological level again, having bounced pretty decisively off 0.93815 earlier today. It seems to be building some short-term momentum, but that 0.9400 zone has been a sticky area for a while now, acting as resistance on previous attempts. If it can clear and hold above that, it could signal a move towards 0.9420 or even 0.9450, but failure to get through would likely see it fade back towards the lower part of today's range, potentially retesting 0.9385. A clear break and close below 0.9380 would invalidate the current upward bias for me.

0 comments · 16 points

0 Comments

No comments yet. Be the first.

More like this