FxWirePro: AUD/USD extends gains above 0.75 handle, risk-on market mood and strength in commodity markets buoy Aussie
FxWirePro: EUR/CHF spikes higher for the second straight session, 200-DMA breakout buoys bulls
EUR/CHF chart - Trading View
EUR/CHF was trading 0.21% higher on the day at 1.0923 at around 10:15 GMT, outlook bullish.
The pair has been spiking higher for the second straight session, scope for further upside.
According to data published by Eurostat, Eurozone final CPI for August came in at 3% on a yearly basis, matching flash estimate and consensus.
Core CPI also matched original estimates and 1.6% during the reported month.
On a monthly basis, the bloc’s CPI printed at 0.4%, while the core CPI numbers came in at 0.3%, both meeting market expectations.
Technical studies have turned bullish after the pair confirmed the 200-DMA breakout. Momentum studies are bullish.
GMMA indicator shows near-term trend is bullish, while major trend is turning bullish. MACD and ADX support gains.
The pair is trading shy of 50% Fib retracement at 1.0932. Scope for test of 61.8% Fib at 1.0984. Bullish invalidation only below 200-DMA.