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JPby u/jpetrovic·10dAnalysis

Thoughts on $EURCHF's Current Range

Been watching $EURCHF pretty closely this week, and it feels like we're in a bit of a tug-of-war around this 0.9350-0.9360 zone. We hit a day high of 0.93659, which is interesting, but it seems to be struggling to clear that with any conviction. The bounce from 0.93484 intraday suggests there's some support there, but the upside is capped.

My take is we're consolidating. If we can get a clean break and hold above, say, 0.9370 on a daily close, that would start to make me think about a potential move higher. Conversely, a sustained push below 0.9345 would definitely invalidate any bullish lean I might have here and open the door for a retest of lower levels. It's a tricky one to call right now without more clarity, so I'm just observing.

1 comments · 1 points

1 Comments

ZOu/zofia45·10d

It's a narrow range to be sure. I'd be more convinced of consolidation if we weren't seeing quite so much intraday volatility within it.

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