FX.co ★ milford.mante | EUR/CHF

Hello traders, The price of EURCHF continues to be held within a narrow range of less than 30 pips. Although such modest movements are normal for this currency pair, they often get stuck within a range of a few dozen pips. At the moment, the Swiss franc cannot seem to decide which direction it wants to move in. If buyers of EURCHF manage to establish themselves above 0.9240-0.9245, then the upward movement towards 0.9260-0.9270 may continue. A successful breakthrough of 0.9270 could lead to an increase towards 0.9300 and beyond, approximately around 0.9330-0.9340. If sellers are able to push the price of EURCHF below 0.9225, then the decline may continue towards 0.9210-0.9200. Holding below 0.9200 could pave the way for sellers towards 0.9185, 0.9170, 0.9155, and 0.9140.