USDCHF Technical Analysis - The USD gets a bid on weak Eurozone PMIs ...Middle East

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USDCHF Technical Analysis - The USD gets a bid on weak Eurozone PMIs
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Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged at three rate cuts by the end of 2025 for the Fed.This morning, we saw some strong bids in the greenback due to the weak Eurozone PMIs as the flows there spilled over to other markets. On the CHF side, nothing has changed as the market continues to price a 72% chance of a 25 bps cut in December and a total of 70 bps of easing by the end of 2025. USDCHF Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCHF spiked back to the recent high around the 0.8915 level following the weak Eurozone PMIs. From a risk management perspectiv

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