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EUR/CHF Moves Lower

EUR/CHF Moves Lower

Thomas Long, Course Instructor

This daily chart of the EUR/CHF shows a series of lower highs and lower lows and reflects both the weak EUR and a CHF that is currently seeing more buying interest. This market seems poised to move down to test the all-time low of 1.27642. I would maintain a bearish bias as long as the pair remains below the 1.38728 high noted on the chart.

EURCHF_body_73233d1291126711-trend-day-eurchf-1130.png, EUR/CHF Moves Lower

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