
EURCHF 2 Jul 2024 On the daily timeframe, EURCHF experienced a significant rise after a trend reversal occurred in the last week of last month. Despite being in a bullish trend, the pair is still under the kumo cloud. At the moment, EURCHF managed to reach a price position of 0.97000, but the stochastic indicator shows that the pair is in an overbought zone. This indicates a potential trend reversal or price correction in the near future. Traders should watch for additional signals to confirm the direction of the next move.