EUR/CHE: The market looks set to test the 200‑day M/A at 0.9264

Carol Harmer Charmer Trading

Euro/CHF opened the session on the back foot, but the broader picture remains firmly bullish after a strong week. Yesterday’s price action was narrow, and with Europe and the UK heading into a bank holiday tomorrow, I expect traders to square positions ahead of the long weekend.

That said, the charts still point higher. The market looks set to test the 200‑day M/A at 0.9264, with previous highs at 0.9268. We failed at these levels before, so any push higher is likely to trigger profit‑taking rather than fresh buying interest.

I’m not interested in chasing longs up here. A pullback driven by profit‑taking would be healthier, with 0.9200 offering a far better re‑entry zone.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

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