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EUR/CHF is sitting at all‑time lows

EUR/CHF is sitting at all‑time lows, and we’re seeing a consolidation develop around these levels. That pause has helped ease the oversold readings after this year’s sharp decline.

For today, the daily pivot sits at 0.9120, and price is currently flirting with that level. The 9‑day M/A is also coming in at the same area, making this the key battleground for today’s session.

A sustained hold above 0.9120 would encourage buyers to step back in and attempt to drive the cross higher. The top of the consolidation band at 0.9150 will naturally attract some profit‑taking, but a clean break would likely leave sellers scrambling, giving EUR/CHF a much‑needed lift toward 0.9200.

However, failure to hold above 0.9085 keeps sellers firmly in control, maintaining the consolidation structure and keeping pressure on the market to print new lows. Short‑term downside targets would then be 0.9060 → 0.9047. A break of that zone would signal renewed weakness, opening the door to deeper lows in the coming weeks.

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Author

Carol Harmer

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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