May 24, 2024 07:26 GMT
Trend Needle Points North
EURCHF TECHS
- The cross Is holding on to its recent gains.
- The trend structure is bullish and moving average studies reinforce this condition - they remain in a bull-mode set-up.
- With 0.9900 cleared, attention is on an extension towards parity - an important resistance and psychological level.
- A key support zone lies between 0.9823, the 20-day EMA, and 0.9754, the 50-day EMA.
- A pullback, if seen, would be considered corrective.
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