The EURCHF keeps the positivity – Forecast today – 26-3-2024

EURCHF Pair Analysis: Recent Developments and Forecast

The EURCHF pair has concluded its correctional bearish rebound by testing and holding above the additional support at 0.9690. This has injected new positive momentum, strengthening the dominance of the bullish bias as prices rally towards 0.9760. Furthermore, stochastic indicators are indicating a potential surge in positive momentum, increasing the likelihood of surpassing the barrier at 0.9775.

A successful breach of the 0.9775 barrier could lead to the recording of new positive gains, with targets extending towards the 0.9825 level in the near term. Subsequently, the pair may aim to reach the 0.9855 resistance, which is crucial in renewing the next main trend.

Trading Range Projection

• Upper Bound: 0.9825
• Lower Bound: 0.9725

Trend Forecast

Bullish