FXstreet.com (Barcelona) - Like in the EUR/USD chart, the USD/CHF surrounds its Monday opening price, at 0.9688, after the first hour of the NY session. Having tested higher pastures to 0.9734 high, the pair dropped again below the 0.9700 psychological level as the improved sentiment triggered on Friday is maintained today.
The Spanish and Italian 10-year debt yields continue to edge lower at the secondary market, at 6.83% and 6.07%, respectively, and equity markets in both Europe and US extend Friday’s gains. WTI crude oil prices are edging higher on the day (+0.37%) at $91.77 after a first corrective phase in Asian and European sessions.
While the 0.9423 support is not breached, MIG Bank analysts suggest further upside: “Structure present since 0.8931 remains bullish suggesting scope for much higher levels, with 1.0450 a medium-term target”, wrote analyst Bijoy Kar.
The Spanish and Italian 10-year debt yields continue to edge lower at the secondary market, at 6.83% and 6.07%, respectively, and equity markets in both Europe and US extend Friday’s gains. WTI crude oil prices are edging higher on the day (+0.37%) at $91.77 after a first corrective phase in Asian and European sessions.
While the 0.9423 support is not breached, MIG Bank analysts suggest further upside: “Structure present since 0.8931 remains bullish suggesting scope for much higher levels, with 1.0450 a medium-term target”, wrote analyst Bijoy Kar.
