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EUR/CHF is trying to return to 1.14

EUR/CHF is trying to return to 1.14

Information is not investment advice

On W1, EUR/CHF formed a bearish candlestick with a long upper shadow. The pair failed to close last week above the line connecting October and February highs. Weekly Moving Averages also added to the resistance. At the same time, on D1 the pair got support from the 200-day MA at 1.1350. The euro will likely revisit the 1.14 area where it’s possible to try short positions. If the price manages to overcome the resistance, the next level to watch on the upside will be at 1.1440.   

EURCHF H4.png

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USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

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