Ransquawk

EURCHF reached the level of 1.20 yesterday, and today these maxims have been slightly broken. However, as can be seen in the 4-hour chart below, the round level is now a resistance that has not yet been able to be broken through.The average range (14-day ATR) for this pair is 45-pips, which is why we can expect during today’s session a test of yesterday’s lows near 1.1955 or breaking out the current maximum of over 1,2004.In the case of the first scenario, the continuation of declines next week would give a chance for correction to the zone, where horizontal support within 1.1879 coincides with the trend line extending from March this year.

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EURCHF H4

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Ransquawk