EURCHF Chart Technical Outlook

EURCHF Chart Technical Outlook set to test resistance at 0.9500 area with the negative bias intact. The Euro is showing a bid tone on Monday, likely to test previous support 0.9500 area, although the bearish trend from late June highs remains intact.

Fundamentals remain CHF supportive, especially after the elusive message of the ECB last week, and the SNB seen hiking rates at least one more time this year.

Euro upside attempts have been attracting sellers, so far, which might be the case at the mentioned 0.9500 area. Above 0.9655, downside pressure would ease.

Support levels are 0.9560 and 0.9520.

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