EUR/CHD still finds bids above 1.23
FXstreet.com (Chicago) – EUR/CHF continues climbing ahead of lightly data loaded day in Europe.
Price action indicates the pair extends minimal gains, consolidating reversal from 1.2318 lows hit last week. According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis with a neutral EMA20 and MACD pointing down despite gains.
At 1.2334, the pair trades between supports aligned at 1.2321 (July 20th lows), 1.2300 (July 31st lows) and 1.2280 (August 17th lows) and resistances set at 1.2346 (August 3rd highs), 1.2362 (August 16th highs) ahead of 1.2380 (August 11th highs).
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