Swiss Franc is winning ground at a slow pace thus firmly than Euro, against dollar; under 1.0700 and with bearish indicators in the 4 hours charts, pair is approaching to a key congestion zone, in between 1.0670 where we have the 200 EMA, and the numerous lows around 1.0680. If the pair lose this area and crosses the EMA with some strength, pair likely to extend the fall first to the 1.0640 area, yet with 1.0600/10 as probable downside target for today.
On contrary, pair needs to regain clearly the 1.0730 level to change intraday bias and attempt a recovery to the 1.0770 strong resistance area.
On contrary, pair needs to regain clearly the 1.0730 level to change intraday bias and attempt a recovery to the 1.0770 strong resistance area.
