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CHF index: EURCHF dropping off highs

John Adam
  • June 24th 2014, 09:13
  • Last Updated: October 21st 2019, 13:40

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EURCHF is gradually falling from highs once again and this is supporting the CHF% index to hold us within the current slightly bearish channel. We’ve retested the previous bullish channel and mildly rejected it although this price action is so minor that little should be truly read into it. Until we see a return to volatility it will be hard to gauge direction other than a hold within the current range for this currency. USDCHF 0.8915 will act as index resistance and 0.9000 will act as the other key level to break.
I am neutral CHF
_CHF% Index Resistance (USDCHF support): USDCHF 0.8915, 0.8800_
_CHF% Index Support (USDCHF resistance): USDCHF 0.9000, 0.9022, 0.9055_
**Note – the large spike on Mon 16th is a GBPCHF pricing error at the broker**
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About the author

John Adam
John Adam was one of the Invezz Founding Partners & Lead Editor's up until 2017. John has an unmatched breadth and depth of experience in all things investing, and we wish him the best in his pastures new.

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