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 be bought on declines
16.05.2024
Buying the euro against the Swiss franc starting from the 0.9795 support resulted in an increase to the 0.9823 resistance, but selling pressure pushed it back down to the support level. However, demand on the decline still persists, and it seems that bulls are gearing up to break resistance and test 0.9835. Losing support will lead to a decline toward 0.9770-0.9750.
EUR/CHF continues to trade in a narrow range
15.05.2024
In terms of how much the euro's value fluctuates compared to the Swiss franc, there's still room for improvement. Despite demand being fairly modest, buyers pushed the 0.9800 resistance and tested the level at 0.9810. Now, the pair is back at 0.9800. Without new market influences, trading within a narrow range will persist, and breaking 0.9810 will lead to testing levels between 0.9820 and 0.9830. Losing 0.9795 support will lead to a decline toward 0.9785-0.9770.
EUR/CHF tested 0.9800
14.05.2024
The euro's pullback to 0.9770 support against the Swiss franc was used for buying and testing the 98th figure, which currently serves as resistance. The pair's prospects remain constructive, but in the short term, it may continue to consolidate within the current levels.
EUR/CHF is advancing higher
13.05.2024
In the pair with the Swiss franc, the euro continues to enjoy moderate demand. Bulls absorbed offers at 0.9777 level and tested the 0.9784 mark. However, the achievements of bulls remain modest, so the pair may return to 0.9760-0.9750 support and continue consolidation within the current range in the short term.
EUR/CHF is in a narrow range
10.05.2024
The euro's retreats to the support level at 0.9755 against the Swiss franc keep drawing buyers, yet bulls are still unable to surpass the 0.9775 resistance. Demand for risky assets weakens interest in the Swiss franc, while expectations of an ECB interest rate cut at the June meeting limit the euro's upside potential. Therefore, the pair's consolidation in the short run could persist, with its exchange rate fluctuating between the levels of 0.9800 and 0.9730.
EUR/CHF is under slight pressure, consolidation continues
09.05.2024
The euro is trading steady alongside the Swiss franc, still facing downward pressure. Bears are testing 0.9755 support, while attempts to rise are limited by local 0.9765 resistance. There is no significant economic data scheduled for release in the euro area and Switzerland this week, so the pair is likely to continue consolidating in the short term.
EUR/CHF advances slightly higher
08.05.2024
Taking advantage of modest demand in the pair with the Swiss franc, the euro rose to the 0.9778 level. Bulls are unable to break it, so the euro may retreat to 0.9740-0.9730 support. In the near future, trading within the range could persist, with a breakout determining the next direction of movement.
EUR/CHF demonstrates a moderately positive sentiment
07.05.2024
Finding 0.9740 support against the Swiss franc and benefiting from demand on pullbacks, the euro rose to 0.9770 resistance. Selling at current levels is possible as well as testing of 0.9740-0.9730 support by bears. Breaking resistance will lead to a growth toward the 98th mark. In the short term, the pair may consolidate within the range of 0.9730-0.9800.
EUR/CHF continues to test 0.9750 support
03.05.2024
Yesterday's decline in the euro against the Swiss franc was limited by buying interest around the 0.9750 level. After retreating to 0.9770 resistance, the bears keep trying to break it. If they succeed, the euro will continue to decline toward 0.9730-0.9710. Breaking resistance will lead to a growth toward the 98th figure. In the short term, the pair may consolidate within a range.
EUR/CHF sold off from 0.9830 resistance
02.05.2024
The euro's rise against the Swiss franc to 0.9830 resistance attracted selling interest again, leading the pair to retreat to 0.9755 support. Right now, the bulls might attempt to push the pair up to the 98th figure. Losing support will lead to a decline toward 0.9730-0.9720, where the euro might find buyers.
EUR/CHF has returned to strong resistance
01.05.2024
Because of the difference in interest rates, the euro maintains a positive sentiment compared to the Swiss franc, which is helping its price to bounce back to 0.9830 resistance. The chances of breaking and rising toward 0.9880-0.9900 have significantly increased, but expectations of an ECB interest rate cut may limit the upside potential and prompt profit-taking from long positions at current levels.
EUR/CHF attempted to rise on German GDP data
30.04.2024
Yesterday, the euro faced pressure from the Swiss franc, but 0.9750 support managed to hold off bearish pressure. Today, bullish traders challenged the resistance level at 0.9775, buoyed by German GDP data that exceeded expectations. However, these data are unlikely to serve as a catalyst for substantial purchases of the pair. In the short term, it may trade within the current rangeю Breaking support will lead to a decline toward 0.9730, but moderate buying is possible on the downside.
EUR/CHF is under moderate pressure
29.04.2024
The euro, under selling pressure against the Swiss franc, is gradually retreating from the 98th figure resistance, while demand is maintained at the 0.9760 level, along with the chances of breaking this resistance and a growth toward 0.9820-0.9830. The loss of support will lead to a decline toward 0.9740-0.9720.
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.
EUR/CHF Chart
{{filterName}}
{{typeName}}
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.