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HomeLatestEUR/CHF Faces Support at 0.9330: Forecast for September 10, 2024

EUR/CHF Faces Support at 0.9330: Forecast for September 10, 2024

The EUR/CHF currency pair has struggled to continue its downward movement, encountering significant support at the 0.9330 level. This support has created a solid barrier against further declines and has prompted a corrective bullish rebound, with the price fluctuating around 0.9365.

In addition, the stochastic indicator has moved out of the oversold territory, thereby increasing positive momentum for the pair. This shift suggests potential bullish attempts, with possible targets at the 0.9425 resistance level and subsequently the 0.9500 mark.

The anticipated trading range for today is between 0.9340 and 0.9525.

Trend Forecast: Bullish

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