EURCHF Chart Technical Outlook stalls at the 261.8% extension
The daily chart highlights the rally stalling close to the 261.8% extension level of 0.9829.
The single currency baskets highlight buying dips in EUR (at much lower levels) and selling strength in CHF (at much higher levels). With that in mind, there is ample scope for a downside correction. The intraday chart highlights an order block between 0.9835 and 48. The system trade setup would be buying a dip close to 0.9682.
