FX.co ★ EUR/CHF

At the moment, the EUR/CHF currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to hold above the 0.9225 level, a pullback began. I expect that in the near term the price of the pair will move roughly in the 0.9225–0.9210 range. Right now, the 0.9225 level is the nearest resistance; if the price manages to break above this level, it could be one of the first signals that a move toward 0.9240 is likely to begin, although a pullback may also occur. However, it is important to note that since the price is currently below this point, the priority scenario remains bullish.