Friday, October 16, 2026

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FxWirePro: EUR/CHF rangebound, daily cloud base by 1.0403 supports

Bid tone around the single currency is helping EUR/CHF higher, currently trades at 1.04452 Daily price action in the pair remains within the cloud, supported by cloud base at 1.0403 The pair trades range-bound with day's…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Bid tone around the single currency is helping EUR/CHF higher, currently trades at 1.04452

  • Daily price action in the pair remains within the cloud, supported  by cloud base at 1.0403

  • The pair trades range-bound with day's high by 1.04462 and lows by 1.04022, underlying bias is bearish

  • Key to further Euro weakness may be economic data, flash PMIs on Friday will dictate the near-term mood 
Resistance Levels:

R3: 1.0465 (Daily High Jul 14) 

R2: 1.0452 (30 DMA)

R1: 1.0403: (Daily cloud base)

Support Levels:

S1: 1.0399 (Daily Low Jul 16)

S2: 1.0396 (Daily Low Jul 15)

S3: 1.0383 (30 DMA Lower Bollinger)

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By FxWirePro Team