EUR/USD, USD/CHF: Targets For A Limited Rebound Setup - SocGen

After testing key levels 1.06/1.05 last year, EUR/USD is undergoing broad consolidation.

Downtrend is still in place; 1.06/1.05 will decide next leg of down cycle.

Short term though, the pair revisited February lows (1.08) and looks to show a rebound towards 1.1250. Graphical levels at 1.1460 will remain near term hurdle.

USD/CHF hit upper limit of multiyear channel near 1.0360/1.0420 but up move has remained choppy. After achieving aforementioned levels, the pair has embarked on a retracement towards triangle limit at 0.9750/0.95. This will remain key support.

Short term upside, if any, is likely to be capped at 1.02.

PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105