The EURCHF currency pair has recently experienced downward pressure but has managed to maintain positive momentum, closing consistently above the crucial support level of 0.9380. The price rallied above the 55-period moving average (MA55), reaching a high of 0.9385.
Stochastic indicators are suggesting a potential increase in bullish momentum, which could pave the way for further upward movement. If this trend continues, the pair may target higher levels, with key resistance points seen at 0.9440 and 0.9470.
For today, the expected trading range for EURCHF is between 0.9380 and 0.9440, with a bullish outlook prevailing.
Trend Forecast: Bullish
Related topics: