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EURCHF neutral in both the short- and medium-term
EURCHF has been trading in a sideways manner during the past few weeks, staying confined in a relatively narrow range between 1.1445 and 1.1305. Attesting to the neutral short-term bias, price action is also taking place between the 50- and 200-day simple moving averages (SMAs). Momentum oscillators are also flat, with the RSI resting near its neutral 50 level, while both the MACD and its red trigger line are close to zero. Potential declines in the pair could meet initial support near the crossroads of the 1.1305 level and the 50-day SMA, which is currently at 1.1313. If the bears violate that area, that would turn ... (full story)