EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown

  • EUR/CHF is holding firm on Thursday, with the pair attempting to rebound from the lower boundary of its multi-week consolidation zone. Despite repeated downside tests near 0.9300, bears have failed to trigger a breakdown, keeping the pair confined within a tight horizontal channel between 0.9300 and 0.9430 that has been in place since early May.