EUR/CHF finding strong demand around 1.1710

EUR/CHF finding strong demand around 1.1710

EUR/CHF is making a rebound above the 78.6% Fibonacci level at 1.1712, which is acting as a strong support in the short-term, according to our Fibo’s projections in the H1 chart. Such area is giving the enough momentum to the pair in order to post fresh highs in coming days. If that happens, the move could extend towards the -23.6% Fibonacci level at 1.1867.

RSI indicator remains slightly in the positive territory.

EURCHFH1.png

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