EUR/CHF Bulls Run Rampant as Golden Cross Forms

The EUR/CHF currency pair saw a strong rally on Monday to kick off the week on a positive note. Christopher Lewis, a technical analyst at DailyForex, notes that this market has been 'very noisy' but remains bullish. The interest rate differential continues to favor Europe, and signs indicate that the European economy may not be as weak as previously thought.

The 0.9350 level has been an important area of focus for the EUR/CHF, and Lewis believes it will continue to play a significant role in the market's movement. He also highlights the Golden Cross signal, where the 50-day EMA recently crossed above the 200-day EMA, indicating a long-term bullish trend.

Lewis remains optimistic about the market's potential for growth, stating that he likes buying dips and has no interest in shorting. He anticipates the EUR/CHF to continue its grind higher, with the 0.93 level being an area of interest, followed by the 0.9280 level.