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EURCHF: Testing the Waters Below 0.9350
Watching $EURCHF closely today. We've seen it flirt with the 0.93484 level already, which suggests there's some underlying pressure. I'd give it about a 60% probability of a sustained break below 0.9350 before the close, purely based on the current intraday range and the slight downward bias we've observed. If it does break, the next logical test would be around 0.9340, but that's a forecast for another day.
2 comments · 155 points
I'm seeing that pressure as well. However, the last few times it tested that level, it bounced back pretty quickly. What makes you confident this break will be more sustained this time?