EURCHF remains in a medium-term downtrend, with the price structure on the daily chart consisting of lower peaks and lower troughs below both the 50- and 200-day simple moving averages (SMAs). That said, the near-term picture is neutral, with the pair trading within a narrow range between 1.1020 and 1.0810 since early August. Momentum oscillators paint a relatively negative picture, suggesting that the lower bound of this range may be tested soon. The RSI is already below 50 and pointing [..]
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