EURCHF staged a respectful bullish rally following the bounce off the 100-day simple moving average (SMA) around the 1.0595 support. In the very short-term, the positive bias is confirmed by the momentum indicators. The RSI is climbing above the 50 level, while the MACD, having crossed above its trigger line in the negative region, is trying now to surpass the zero line. Should the price close comfortably above the lower surface of the Ichimoku cloud and the blue Kijun-sen line around the 1.0710 resistance, buyers could push towards 1.0767. Higher, [..]
6 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.