We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.01% Oil - US Crude: -0.06% Gold: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LAohxUnpzL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.25%, while traders in US 500 are at opposite extremes with 76.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uD1LC7SsrP
  • #Euro continues to play catch up with $GBP surge as demand for the currency remains relatively firm. Get your market update from @JMcQueenFX here: https://t.co/j5Zc0CsIAu https://t.co/A6f5s3S15N
  • $EURUSD Daily Pivot Points: S3: 1.0961 S2: 1.036 S1: 1.0082 R1: 1.1157 R2: 1.1186 R3: 1.1261 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The Fitch credit rating agency maintains the United Kingdom's 'AA' rating as well as its 'Negative Watch'
  • Fed Fund futures are pricing in a 89% percent chance of a third consecutive rate cut at the Oct 30 FOMC meeting. Two cuts in a row, claiming it isn't a policy bearing is a serious stretch. Three and attempting to make that claim deserves a temporary hold in a mental ward
  • US Equities Update (Friday Close): $DJI -0.94% $SPX -0.40% $NDX -0.93% $RTY -0.50% $VIX +4.21%
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.03% Wall Street: 0.03% Germany 30: 0.02% France 40: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kIxqMquPxE
  • Spot FX Update: $EUR 1.1163 $JPY 108.4335 $GBP 1.2944 $CAD 1.3122 $CHF 0.9845 [Delayed]
  • Precious Metals Update: #Gold 1491.01 (-0.06%), #Aluminum 1727.00 (-0.06%), and #Copper 5739.00 (+0.16%). [delayed]
EUR/CHF Price: Euro to Swiss Franc Ticks Higher Eyeing a Multi-Month High

EUR/CHF Price: Euro to Swiss Franc Ticks Higher Eyeing a Multi-Month High

2019-10-11 11:31:00
Mahmoud Alkudsi, Market Analyst
Share:

EUR/CHF Technical Forecast

  • Bullish Outlook
  • Waiting for more signals

Check our latest Q4 forecasts for free and learn what is likely to move the markets at this time of the year.

EUR/CHF Daily Price Chart (March 1, 2017 – Oct 11, 2019) Zoomed Out

EURCHF price daily chart 11-10-19 Zoomed out

Just getting started? See our Beginners’ Guide for FX traders

EUR/CHF Daily Price Chart ( March 31 – Oct 11, 2019) Zoomed IN

EURCHF price daily chart 11-10-19 Zoomed in

From the daily chart we notice, EUR/CHF has started uptrend move on Sep 27 creating higher highs with higher lows. Yesterday, the pair closed above the 50-day average giving a bullish signal. Today, the pair broke above the uptrend line originated form the July 12 high at 1.1154 providing an additional bullish signal.

Currently, the pair is facing the low end of the trading zone 1.1001 – 1.1057. A close above this level could push EURCHF towards the high end.

Worth mentioning, the pair eyes at the moment the neckline of double bottom pattern (reversal formation) residing at 1.1033. Thus, subject to a close above the aforementioned neckline, a bullish bias could lead EURCHF towards 1.1190. Nevertheless, close attention should be paid to the weekly resistance areas marked on the chart (zoomed in)

Having trouble with your trading strategy? Here’s the #1 Mistake That Traders Make

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.