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USD/CHF trades southwards near the lowest since March 10. Oversold RSI can trigger the pair’s bounce off a descending trend line from March 30. Bulls may refrain entries, even for short-term, unless witnessing a daily close past-21-day SMA. USD/CHF stays offered around 0.9320, down 0.12% on a day,

The euro rallied to an eighteen-month high as traders reacted to the €750 billion deal reached yesterday. The deal, which came after four days of intense negotiations, will help provide immediate relief to countries like Italy and Spain that have been affected significantly by the pandemic. It will