USD/CHF rallies to 0.9678

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USD/CHF rallies to 0.9678

FITITOL--> FXstreet.com (Barcelona) - The USD/CHF continues to retrace the first half of June’s downside from 0.9771 to 0.9420. The pair rallied some more in today’s European session after a German source played down the EU Summit’s achievements, saying it wouldn’t bring detailed decisions.

Also in the European session, the Italian government sold 10-year bonds and will be paying the average price of 6.19%.

“Clearance of range top at 0.9650 and the next barrier at 0.9675 is required to turn near-term focus towards 0.9700 and 0.9769”, wrote Windsor Brokers analyst Slobodan Drvenica.