EURCHF came under sharp selling pressure after peaking at 1.1026 on Monday, with the price correcting below its simple moving averages and the Ichimoku cloud. The downfall has now stalled around 1.0930 as the RSI and the Stochastics recover from oversold conditions. The MACD has also started to turn higher, and if it continues to improve and cross above its red signal line, the market could extend its latest upside reversal. Still, a closing price comfortably above the 1.0965 barrier is what traders would potentially [..]
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