Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EURGBP got a boost
On H1 of EURGBP, the pair has been moving up. RSI indicator is near the overbought area but hasn't crossed it yet. Additionally, on H4, RSI hasn't reached the overbought territory. It signals a possible continuation of the rise. We can anticipate an upward movement at the level of 0.9149. The targets are placed at 0.9165 and 0.9178.
If the pair moves down, the fall will be confirmed at 0.9127.
Darya Bobrova
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