EUR/CHF Bounces Off Session Lows Amid Mixed EU PMIs

The EUR/CHF currency pair has bounced back from session lows around 0.9383 to trade at about 0.9398.

This rebound comes as the pair continues to trade within a descending channel formation on the 60-minute chart.

Despite the move, the pair still has room to run before reaching overbought levels, as indicated by the 14-hour RSI.

From a fundamental perspective, the EUR/CHF currency pair trades during a relatively busy period in the EU market.

The preliminary German HCOB composite PMI for September improved to 53.8, while the preliminary HCOB Manufacturing PMI for the month fell short of expectations.