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Euro and US Dollar Struggle to Push Higher Against Swiss Franc: USD/CHF, EUR/CHF Price Analysis
On June 25, EUR/CHF corrected higher after creating a higher low at 1.1062 although, the pair closed the monthly session with 0.6% loss at 1.1100. Similarly, USD/CHF corrected higher on Friday however, closed the monthly session with 2.3% loss at 0.9763. Alongside, the Relative Strength Index (RSI) on June 25 crossed above the oversold territory in both pairs, however; the oscillator has remained below 50 indicating the buyer’s hesitation to start up an upside momentum.Looking at the Daily chart, we notice yesterday USD/CHF closed below 0.9860 eying the lower end of the current trading zone 0.9785- 0.9860. The pair ... (full story)
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