Will the 200DMA cap EURCHF in the near term?

BY admin admin

CHF weakness limited, via bloomberg?
 The EURCHF pair has risen recently on two factors. Firstly, the better risk tone. Secondly, hopes of the €750billion recovery fund being agreed over the weekend. This has led to the EURCHF pair moving above the 1.0700 handle and heading towards a test of the 200DEMA marked on the chart below. 

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