FxWirePro: EUR pauses ascent versus CHF in early European trade
EUR pauses ascent versus the Swiss franc in early European trade, EUR/CHF is correcting lower after the recent upsurge The pair is off from 4-month highs and currently trades at 1.0649, down around 0.19 pct on the day St…
EUR pauses ascent versus the Swiss franc in early European trade, EUR/CHF is correcting lower after the recent upsurge
The pair is off from 4-month highs and currently trades at 1.0649, down around 0.19 pct on the day
Stochs see a bearish cross over at overbought levels and thinning cloud suggest further downside to come
EU calendar is deprived of data releases, focus shall be on the S&P/Case-Shiller index, Markit's Services PMI and Consumer Confidence are all due later in the day
Immediate resistance is seen at 1.0675 (Today's High), above which gains could be extended to 1.0690 (July 27 High)
On the downside, support is seen at 1.0600 below which it could extend losses to 1.0558 (July 27 Low)
