The EUR/CHF currency pair remains under significant bearish pressure following its recent trading session. The 55-period moving average is holding steady above the key resistance level of 0.9380, while the stochastic indicator signals persistent negative momentum. This has contributed to the pair retreating towards the 0.9350 mark, attempting to mitigate some of its recent losses.
Given the sustained downward momentum, the outlook favors further declines, with initial support expected near 0.9300. Should selling pressure persist, the pair may extend losses towards 0.9255, marking a critical target level.
Traders can anticipate the EUR/CHF to fluctuate within a range of 0.9300 to 0.9380 throughout the trading day.
Trend forecast: Bearish
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