FX.co ★ milford.mante | EUR/CHF

The rise in the EURCHF currency pair has so far been modest; the bulls managed to push above 0.9340 and then stalled. There are targets above that it would be desirable to return to in the near future – these are the 0.9370 and 0.9400 levels. After consolidating above 0.9400, the rise can continue toward 0.9415, and after breaking through this level as well, the path will open for buyers to 0.9430 and 0.9460. If sellers manage to push the EURCHF price back below 0.9340, then they may be able to continue the decline to 0.9310 and 0.9275; from these levels a rebound and resumption of growth is realistic. If it consolidates below 0.9275, the trend may change to a downtrend, but it will be necessary to look at the actual situation and assess the prospects.