EURCHF (1H) - short term bullish bias
The euro is trying to make a recovery across the board on Thursday. After a double dip, the pair rallied back above 1.0820. The bullish RSI divergence suggests that the sell-side has lost its momentum, a sign that sentiment could be improving. The latest bullish confirmation comes in the shape of the 20-hour moving average crossing above the 30-hour one. As the euro consolidates its gains, we would expect the rally to extend and test the previous highs around 1.0850.
Key support: 1.0800
Key resistance: 1.0850
The euro is trying to make a recovery across the board on Thursday. After a double dip, the pair rallied back above 1.0820. The bullish RSI divergence suggests that the sell-side has lost its momentum, a sign that sentiment could be improving. The latest bullish confirmation comes in the shape of the 20-hour moving average crossing above the 30-hour one. As the euro consolidates its gains, we would expect the rally to extend and test the previous highs around 1.0850.
Key support: 1.0800
Key resistance: 1.0850
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.