FX.co ★ EUR/CHF

Hello traders, the Friday decline in the EURCHF currency pair currently looks like a pullback. Sellers dropped to 0.9095, but buyers quickly returned and started an upward movement. They have managed to hold above 0.9110, indicating a potential continuation towards 0.9125 and 0.9140. Further upside towards more distant targets will be possible upon consolidation above 0.9140. Once this level is surpassed, a gradual move towards 0.9185-0.9200 could be expected, with a potential rise to 0.9300. However, if sellers regain control and push below 0.9110-0.9095, the decline may extend towards 0.9080, 0.9065, and 0.9050. A sustained move below 0.9050 would open the door for bears to target 0.9035, 0.9020, 0.9000, and 0.8985.