FXstreet.com (Barcelona) - Edging slightly higher on the day, by +0.04% above the opening price of 0.9551, the USD/CHF is indeed trading only three pips higher, at 0.9554, and under a very tight range of 0.9542/61 between the daily low and high.
The ECB’s Draghi speech scheduled for today at 13:30 GMT had been cancelled and no relevant fundamental data is to be expected during the American session.
“It has not registered a close below here (0.9502), however at this stage we remain unable to rule out further losses into this week towards 0.9420 June low and the 0.9392 (200 day MA)”, wrote Commerzbank analyst Karen Jones.
The ECB’s Draghi speech scheduled for today at 13:30 GMT had been cancelled and no relevant fundamental data is to be expected during the American session.
“It has not registered a close below here (0.9502), however at this stage we remain unable to rule out further losses into this week towards 0.9420 June low and the 0.9392 (200 day MA)”, wrote Commerzbank analyst Karen Jones.
