Technical Analysis – EURCHF underperforms below 200-SMA; neutral bias

EURCHF has been underperforming, breaking back below the key 200-period simple moving average (SMA) in the 4-hour chart. When looking at the bigger picture the pair lacks a clear trend and has been consolidating since July 14. Prices pulled back from the 1.0775 resistance level, which overlaps with the 40-period simple moving average (SMA) but […]