EUR/CHF seesaws around 1.0800 during the pre-European trading on Thursday. The pair pulled back from a joint of 100 and 200-bar SMA, as well as a support line of an upward sloping trend channel from September 17. However, failures to stay strong beyond 1.0800 keep the sellers hopeful.
Even so, the pair’s sustained trading below 1.0780/75 key support area becomes necessary for the bears to take entries.
Following that, 1.0745 and the September month’s low surrounding 1.0725 can lure the EUR/CHF sellers.


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