EUR/USD and USD/CHF At Danger of Extra Losses – Analytics & Forecasts – 29 June 2022

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EUR/USD began one other decline and traded under 1.0550. USD/CHF is consolidating and going through many hurdles close to the 0.9580 zone.

Necessary Takeaways for EUR/USD and USD/CHF

· The Euro failed to realize tempo for a transfer above the 1.0600 resistance zone towards the US Greenback.

· There was a break under a significant bullish development line with help close to 1.0550 on the hourly chart of EUR/USD.

· USD/CHF additionally began a contemporary decline after it did not clear the 0.9700 resistance zone.

· There’s a key bearish development line forming with resistance close to 0.9565 on the hourly chart.

EUR/USD Technical Evaluation

This previous week, the Euro gained tempo above the 1.0550 resistance zone towards the US Greenback. The EUR/USD pair climbed above the 1.0580 resistance zone to maneuver right into a bullish zone.

The pair tried a transparent transfer above the 1.0600 resistance, however the bears remained lively. The current excessive was fashioned close to 1.0615 earlier than the pair began a contemporary decline. The value declined under the 1.0550 degree…Extra  data:  weblog  FXOpen

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