- EUR/CHF is looking north, having bounced up from key MA support.
- The 4-hour chart indicators are also reporting bullish conditions.
EUR/CHF is better bid at 1.1030 press time and could challenge the Oct. 17 high of 1.1059 in the next 24 hours.
The 4-hour chart shows, the currency pair has bounced up from the 50-period moving average (MA). That ascending (bullish) technical line has emerged as strong support in the last eight days.
The strong bounce from the key MA support is backed by an above-50 reading on the relative strength index.
As a result, further gains could be seen, possibly toward 1.1059, as said earlier.
The bullish case would be invalidated if the spot finds acceptance below the 4-hour chart 50-candle MA, currently at 1.1008.
|Today last price||1.1032|
|Today Daily Change||0.0025|
|Today Daily Change %||0.23|
|Today daily open||1.1007|
|Previous Daily High||1.1032|
|Previous Daily Low||1.1007|
|Previous Weekly High||1.1042|
|Previous Weekly Low||1.0982|
|Previous Monthly High||1.102|
|Previous Monthly Low||1.081|
|Daily Fibonacci 38.2%||1.1017|
|Daily Fibonacci 61.8%||1.1023|
|Daily Pivot Point S1||1.0999|
|Daily Pivot Point S2||1.0991|
|Daily Pivot Point S3||1.0974|
|Daily Pivot Point R1||1.1024|
|Daily Pivot Point R2||1.1041|
|Daily Pivot Point R3||1.1049|
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