The EURCHF currency pair has regained a bullish momentum after settling above key support at 0.9380. This has allowed the pair to surpass the 55-day moving average (MA55) and extend its upward movement, currently trading near the 0.9460 mark.
With the stochastic indicator reaching the 80 level, the bullish trend is further supported by additional positive momentum. Analysts suggest that the pair may test the 0.9490 resistance level. If this level is surpassed, the next significant target would be 0.9535.
For today, the expected trading range for EURCHF is between 0.9435 and 0.9490.
Trend Outlook: Bullish
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