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EUR/CHF – Deeper pullback seen in charts

Market still weighed by the 10 DMA at 1.0614 Last week's bearish 10/21 DMA cross signals a deeper pullback Seeking a return to the 1.0416/14 region 1.0416 was 38.2% retrace of the 0.9776/1.0811 rally. 1.0414 = Feb 9 low …

By Ian Preston
1 min read
EUR/CHF – Deeper pullback seen in charts
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  • Market still weighed by the 10 DMA at 1.0614

  • Last week's bearish 10/21 DMA cross signals a deeper pullback

  • Seeking a return to the 1.0416/14 region

  • 1.0416 was 38.2% retrace of the 0.9776/1.0811 rally. 1.0414 = Feb 9 low

  • Lowering of offers to the 50% retrace of 1.0700/1.0528 slide, also at 1.0614

 

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By FxWirePro Team