EURCHF May Decline to 0.9265 Amid Fed and ECB Policy Concerns
The US dollar remains firm on expectations that the Fed will cut interest rates only once this year. This weighs more heavily on the EURO than on the CHF, thus creating overall EURO weakness.
The ECB's Lane supports more rate cuts to ensure that the Eurozone does not grow too slowly. This is another factor that the EURO is weaker today.
EURCHF may correct again near 0.9375. If this occurs, the odds suggest it could move down further. Immediate support should be found near 0.9332. A move below this area could push the price down to 0.9300, a key support zone that has acted as support several times. This area holds significant interest for the bulls, so caution is advised.
If CHF momentum increases further, as observed across many CHF pairs, it could also test the bottom near 0.9265.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The US dollar remains firm on expectations that the Fed will cut interest rates only once this year. This weighs more heavily on the EURO than on the CHF, thus creating overall EURO weakness.
The ECB's Lane supports more rate cuts to ensure that the Eurozone does not grow too slowly. This is another factor that the EURO is weaker today.
EURCHF may correct again near 0.9375. If this occurs, the odds suggest it could move down further. Immediate support should be found near 0.9332. A move below this area could push the price down to 0.9300, a key support zone that has acted as support several times. This area holds significant interest for the bulls, so caution is advised.
If CHF momentum increases further, as observed across many CHF pairs, it could also test the bottom near 0.9265.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY Free Signals
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youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.