EURCHF is consolidating after the rebound from the all-time low of 0.9552 ran out of steam. The momentum indicators are portraying split views on the next direction. The %K and %D lines of the stochastic oscillator are both sloping downwards, heading for oversold territory. But the MACD histogram is on the verge of turning positive for the first time since mid-June. The recent peak of 0.9865 is an obvious target for the bulls in any fresh upside attempt. However, there is stiff resistance from the 50-day moving average (MA), which has just intersected the 23.6% Fibonacci retracement level of the June-August downleg ... (full story)