Mon, Apr 06, 2026 12:00 GMT
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    HomeLive CommentsEUR/CHF in strong rebound, eyeing 1.0611 to complete double bottom

    EUR/CHF in strong rebound, eyeing 1.0611 to complete double bottom

    ActionForex
    By ActionForex

    EUR/CHF rebounds strongly in first part of US session, following strong risk-on markets. At this point, we’re not totally certain on the drive behind the sharp move, other than reverse safe-haven flows. And immediate focus in on 1.0611 resistance. Break will complete a double bottom pattern (1.0503, 1.5040).

    Considering the strength of current rise, it seems 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715) is the real trend defining hurdle, rather than 1.0653 resistance.

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