EUR/CHF forecast for today by Traders Union analysts
EUR/CHF is considered one of the most stable currency pairs in the Forex market. It shows the price of one euro in Swiss francs. Euro acts as the base currency in the pair and the Swiss franc is the quoted currency. Notably, the EUR/CHF pair has rather low volatility, which is why it is recommended for trading to beginners. If you use the EUR/CHF forecast by TU analysts, the risks of a loss will be relatively low.
EUR/CHF continues to storm 0.9795 resistance
26.04.2024
Yesterday, the euro continued its attempts to break 0.9795 resistance against the Swiss franc, which continues to perform its task successfully. Downward rebounds are limited by 0.9780-0.9770 support, above which there are chances of breaking resistance and a growth toward 0.9820. The loss of support will lead to a decline toward 0.9750-0.9740.
EUR/CHF continues to rise
25.04.2024
The euro continues to be bought against the Swiss franc. Yesterday, investors added long positions on the decline to 0.9760/50 support, after which the euro approached the 98th figure. The pair's outlook remains constructive, but a further move higher could again be used to lock profits on long positions. The next target for bulls could be at 0.9820 resistance level. The loss of 0.9780 support will lead to a decline toward 0.9750.
EUR/CHF is rising again
24.04.2024
Against the backdrop of interest rate differentials, euro bulls broke 0.9725 resistance against the Swiss franc and tested the level of 0.9773 at the moment. The ECB representative said in his comments that after the first interest rate cut there will not necessarily be a series of interest rate cuts, which could add to the bullish momentum of the single European currency. Next, bulls may test the 98th figure resistance, with some bearish activity possible as it approaches.
EUR/CHF is still in moderate demand
23.04.2024
Amid moderate demand in the pair with the Swiss franc, the euro climbed toward 0.9720 resistance yesterday. On the strong German manufacturing PMI, there was an attempt to break this level, but after testing the 0.9738 mark, the euro returned to it. In the short term, the pair may continue to consolidate within the range. After consolidating above 0.9720, the euro will test today's high again. The loss of support will lead to a decline toward 0.9690.
EUR/CHF is trying to break 0.9720 resistance
22.04.2024
Capitalizing on the downturn to the level of 0.9565, investors bought the euro against Swiss franc, thereby restoring it to 0.9720 resistance. They haven't succeeded in breaking it yet, but above 0.9680, prospects for a growth toward 0.9760-0.9780 will persist. The failure at this support will lead to a decline toward 0.9650.
EUR/CHF bought on decline
19.04.2024
Buy of the Swiss franc as a safe haven asset following Israel's strike on Iran led to a decline of the euro to the 0.9565 level against it. However, the euro was bought on the decline, returning it to the level of 0.9680, which now acts as resistance. Sales of the euro and its decline to 0.9650-0.9620 are possible from here. Breaking resistance will lead to a growth toward the 97-figure level. The resumption of the uptrend in the EUR/CHF pair at this stage is unlikely.
Euro/Swiss franc sold from 0.9720
18.04.2024
After bouncing off support 0.9680, the euro rose to resistance at 0.9720 against the Swiss franc yesterday, but is currently under pressure again, possibly retesting the aforementioned support. Breaking resistance will lead to a growth toward 0.9740-0.9760.
Euro/Swiss franc under pressure against ECB statements
17.04.2024
ECB President Christine Lagarde confirmed the intention of the bank to cut interest rates in the near term, subject to any major shocks. The news spurred sales of the euro against the Swiss franc on a bounce off 0.9710-0.9720 resistance, with 0.9680 support continuing to hold back the onslaught of bears. Nonetheless, the risks of breaking the support and dipping toward 0.9660-0.9650 remain, while passing the resistance level will lead to a growth toward 0.9740-0.9760.
Euro/franc returned to support near the level of 0.9680
16.04.2024
In the pair with the Swiss franc, the euro remains vulnerable. Selling on the pullback to the resistance at 0.9735 led to its decline to the support at 0.9680, where the bulls are again trying to take the initiative. Nevertheless, the risks of its breakdown and decline towards 0.9650 remain; passing 0.9710 will provide the bulls with a test of the resistance above. In the fall, the euro may be repurchased.
Euro/franc continues to decline
15.04.2024
After the NBS lowered the interest rate level, the market participants' attention was now focused on the June ECB meeting, at which a rate cut was possible, which contributed to the continued pressure on the euro in the pair with the Swiss franc. Thus, the bears broke the support on Friday at 0.9745 and tested at 0.9680. On the pullback to 0.9730, the euro continues to sell, as a result of which it is possible that the current support will be broken, and the euro will decline towards 0.9660-0.9640. Passage of 0.9730 will lead to growth in the direction of 0.9760.
Euro/Franc under pressure
12.04.2024
After the ECB announced the likelihood of an interest rate cut in June, the euro was under pressure from the Swiss franc, which declined towards support at around 0.9750. The pair may continue to decline towards 0.9700-0.9690 support, where moderate buying is possible. Passage of 0.9765 will lead to growth towards 0.9780-0.9790.
Euro/franc in anticipation of ECB decision
11.04.2024
Ahead of the ECB's announcement of the interest rate decision, the euro in pair with the Swiss franc is enjoying moderate demand from the support near 0.9795, and the bulls are trying to lift the pair towards the resistance at 0.9835-0.9850. The central bank will leave the rate level unchanged, and if it intends to keep the rate at the current level for a longer period than expected, the euro could break through this resistance and continue to rise towards 0.9870. Any hint of a rate cut at the June meeting could put pressure on the pair and lead it towards 0.9760-0.9750.
Euro/franc retreats from resistance again
10.04.2024
The euro bulls failed to break through the resistance at 0.9835 in the pair with the Swiss franc, so against the background of profit-taking on long positions, the euro fell to support at 0.9805. Tomorrow's ECB decision may impact the pair's dynamics, and until its announcement, EUR/CHF may remain within the current range.
Euro/franc retreats from resistance again
10.04.2024
The euro bulls failed to break through the resistance at 0.9835 in the pair with the Swiss franc, so against the background of profit-taking on long positions, the euro fell to support at 0.9805. Tomorrow's ECB decision may impact the pair's dynamics, and until its announcement, EUR/CHF may remain within the current range.
Euro/Franc rises again
09.04.2024
As expected, the euro's decline against the Swiss franc was again used for buying. After testing the support at 0.9750, the Euro rose to the resistance at 0.9830, where it is currently trading. Until the ECB decides on the interest rate level, the euro/franc may be stuck in the current range, the exit from which will indicate the direction of further movement. There are no reasons for the pair's large-scale sales at the moment.
Euro/Franc under pressure
08.04.2024
The euro in the pair with the Swiss franc remains under selling pressure, against which it failed to break through the resistance near the 58th figure and after testing it declined to the support at 0.5750. Pullbacks are currently limited by 0.9775 resistance, which keeps downside risks towards 0.9720-0.9700; passing 0.9875 will lead to a rise to 0.9800-0.9820. The euro/franc may remain under pressure ahead of the ECB meeting.
Euro/Franc declines after growth
05.04.2024
The breakthrough of resistance at 0.9800 ensured the growth of the euro against the Swiss franc to the level of 0.9848, from which the euro was sold on the anti-risk sentiment, as a result of which it declined to the support at 0.9760. In case of continuation of falling of stock indices, euro/ franc may remain under selling pressure, but on the background of NBS interest rate reduction and the slowdown of inflation in Switzerland, the downward potential of the pair may have a limited character, and on the decline the activation of bulls is possible.
Euro/franc rises on soft CPI in Switzerland
04.04.2024
After testing resistance around the 98th figure, the Euro was under pressure from the Swiss Franc, but the decline in the Swiss CPI triggered a sell-off in the Franc, which sent the Euro soaring to 0.9846. The slowdown in inflation may be a reason for the NBS to lower the interest rate again, which may continue to put pressure on the Franc. The pair's pullbacks towards the 98th figure can be used for buying, and the next nearest target for the bulls could be the resistance at 0.9880.
Euro/franc bought on the decline
03.04.2024
The euro's decline against the Swiss franc was used for buying, which aligns with our forecast. Having found support near 0.9710/00 levels, it rose to resistance near 0.9775 on the back of buying, where it is currently trading. The bulls may try to test the 98th figure, but in the absence of fresh drivers, the pair may enter a consolidation phase, so the current growth can be used to sell and test support at 0.9740-0.9710.
Euro/franc remains under pressure
02.04.2024
The euro's pullback to resistance was near 0.9735 in the pairing with the Swiss franc, which was used for selling, bringing the euro back to support at 0.9710. Under pressure, the euro could break support and test the 0.9690 level. The outlook for the franc remains negative, but a large-scale growth of the euro against it in the short term is unlikely to be expected. The resistance passage at 0.9735 will lead to growth toward 0.9750-0.9770.
Euro/franc under pressure after growth
01.04.2024
"Having "played off" the NBS interest rate cut, euro bulls are taking profits on long positions in the pair with the Swiss franc, which led to a decline in the euro to support near the level of 0.9710. Sell interest is now seen around the 0.9735 level, indicating risks of a break of support and a decline towards 0.9690-0.9670, but the euro's decline can be used to buy. A break of 0.9735 resistance will lead to a rise towards 0.9760-0.9780.
Euro/franc continues to decline
29.03.2024
The high probability of the ECB lowering the interest rate at the July meeting contributed to profit-taking on long positions in the Euro/Franc pair. After breaking the support at 0.9775, it declined to the support at 0.9705, which the bears failed to break. Nevertheless, next, bears may test the support at 0.9690-0.9670, from which the bulls may try to regain control of the situation. Growth attempts at this stage can be used for selling.
Euro/franc declines on longs liquidation
28.03.2024
The bulls' assault on the euro resistance near 0.9810/20 levels in the pair with the Swiss franc failed, which became a reason to liquidate long positions and decline to the support at 0.9760 at the moment. Its breakdown will lead to a decline towards 0.9740-0.9720, but the euro's decline can be used for buying. The NBS interest rate cut weakened the franc, but expectations of a rate cut by the ECB at the June meeting may limit the upside potential of EUR/CHF.
Euro/Franc continues to storm resistance
27.03.2024
Continuing to rise against the Swiss franc, the euro tested resistance at 0.9810 yesterday, followed by a pullback to support at 0.9780. Demand for pullbacks persists, and bulls are testing resistance again at the moment. Prospects for the pair remain constructive. The breakdown of resistance will provide growth in the direction of 0.9830-0.9850, but on the daily chart, the RSI is in the overbought zone, which creates a threat of profit taking on longs and the development of correction.
Euro/Franc bought back on the decline
26.03.2024
In full accordance with our forecast, the euro was bought on the decline against the Swiss franc, in this case from the support at 0.9690, and the bulls are testing the resistance at 0.9750 again. Its breakdown will provide them with a test of 0.9770-0.9780 resistance, which looks possible given the NBS interest rate cut, but in the short term, the pair may consolidate in the current range.
Euro/franc declines despite NBS interest rate cut
25.03.2024
Despite the interest rate cut by the NBS, the Euro's rise against the Swiss Franc was limited by resistance around 0.9780. After testing it, it came under pressure again, against which it declined to support at 0.9690 at the moment. This decline can be used to buy and test resistance at 0.9720-0.9740; loss of support will lead to a decline towards 0.9660-0.9650, where buying the pair is also possible.
Euro/Franc under pressure after growth
22.03.2024
The NBS, having lowered the interest rate level, gave the Swiss franc bears a surprise. Its sell-off helped the euro to rise to 0.9785 in the pairing, followed by a pullback to 0.9735 support. The interest rate differential may continue to support the euro and the bulls may test yesterday's high again; a loss of support would lead to a decline towards the 97 figure, where buying is also possible.
Euro/franc moves higher
21.03.2024
Against the backdrop of risk appetite, the euro continued to buy for the Swiss franc, which led to a break of resistance at 0.9665 and a test of resistance near 0.9685. The pair looks overbought, which raises the risks of a corrective decline towards 0.9640-0.9620; a break of resistance will lead to a rise towards 0.9700/20.
Euro/Franc continues to be in demand on the downside
20.03.2024
In the pairing with the Swiss franc, the euro tested resistance near 0.9665, where the bears showed themselves, testing support at 0.9620. On the downside, the demand continues, and with it, the potential to break resistance and rise towards 0.9680-0.9700; loss of support will lead to a decline towards the 96-figure area at the very least.
Euro/franc continues to grow
19.03.2024
Against the backdrop of steady demand, the euro broke through the resistance around 0.9630 and tested the level of 0.9655 in the pair with the Swiss franc. The next target for the bulls could be resistance near 0.9680-0.9690 levels; a loss of 0.9640 support will lead to a decline towards 0.9610-0.9600.
EUR/CHF Chart
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What is the purpose of the EUR/CHF forecast?
The Euro's exchange rate against the Swiss franc is relatively stable. It is a pair of European currencies that have a number of similarities. The EUR/CHF price is influenced by the difference in the discount rates of Switzerland and the eurozone, the general political situation, and the events that set the tone in the Forex market.
Notably, the Swiss economy has been lately considered one of the most stable ones, and the Swiss franc is considered a safe haven currency, which has a positive impact on its price. The EUR/CHF price is considered ‘calm’ due to low volatility. The currency pair rarely goes beyond 10-15 points. It is suitable for those who prefer low-risk or moderate trading strategies. Forecast by Traders Union analysts will help you trade at a profit and find the best position entry and exit points.
FAQ
1
Who can trade EUR/CHF?
Trading EUR/CHF is great for those who do not like abrupt and quick fluctuations and prefer stability. Due to high
volatility, it is suitable even for novice traders. To gain a better understanding, this currency pair should be interpreted in the following way: when an investor buys, he/she spends francs and gets euros, and when he/she sells, it is vice versa.
2
How liquid is the EUR/CHF pair?
EUR/CHF belongs to the category of crosses and is described by high trading volume and high
liquidity. Experienced investors note that it is one of the safest currency pairs.
3
Why do I need to monitor the EUR/CHF forecast for today?
The EUR/CHF price range is predictable if you use
technical analysis. The economies of Switzerland and the eurozone are rather closely linked, which is why when working with this currency pair, you have to primarily use support/resistance levels. TU analysts prepare the EUR/CHF forecast for today and any other trading day to help traders make an informed decision.
4
When is the best time to trade EUR/CHF?
The best time to trade EUR/CHF is 2 pm EST at the London Stock Exchange (LSE). At that, the average range is estimated at 55 points.