EURCHF’s Negative Tensions Sustain the Pair Near a floor

<p>EURCHF is currently in the region of the multi-year low of 1.0504 restricted by the flattened Ichimoku lines. Despite negative pressures from the simple moving averages (SMAs) – specifically the 50-period SMA – and the Ichimoku cloud, the price is engaging with the red Tenkan-sen line, hoping to overtake it and build some positive backing. […]</p>
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