Skip to Content
News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
EUR/CHF Price Outlook: Key Chart Levels to Keep in Focus

EUR/CHF Price Outlook: Key Chart Levels to Keep in Focus

Mahmoud Alkudsi, Analyst


What's on this page

EUR/CHF Technical Forecast

  • Stalled Bullish Momentum
  • Positive outlook while above 1.0811

EUR/CHF Price – Indecisive Traders

Last week, EUR/CHF hit a near two-months high of 1.0838. However, the price retreated after and closed a weekly candlestick with a Doji pattern reflecting the market’s indecision.

Alongside that, the Relative Strength Index (RSI) remained flat above 50 highlighting paused bullish momentum.

EUR/CHF Daily Price Chart (SEPTEMBER 1, 2018 – August 13, 2020) Zoomed Out

EURCHF Daily price chart 13-08-20 Zoomed out
Building Confidence in Trading
Building Confidence in Trading
Recommended by Mahmoud Alkudsi
Building Confidence in Trading
Get My Guide

EUR/CHF Daily Price Chart ( JUNE 16 – August 13, 2020) Zoomed IN

EURCHF Daily price chart 13-08-20 Zoomed in

In mid-July, EUR/CHF rebounded from the 50-day average then climbed to the current 1.0701-1.0811 trading zone reflecting that bulls had the upper hand. However, the pair failed last week on multiple occasions to rally to the higher trading zone rebuffing repeatedly bulls efforts to keep steering the price higher.

A daily close below the low end of the current trading zone may guide EUR/CHF’s fall towards the weekly support level at 1.0605 (March 2020 high).

On the other hand, a daily close above the high end of the zone may encourage bulls to rally the price further towards the monthly resistance level at 1.0962 ( July 2019 low).

EUR Forecast
EUR Forecast
Recommended by Mahmoud Alkudsi
Download our fresh Q3 Euro Forecast
Get My Guide

EUR/CHF Four Hour Price Chart ( July 24 – August 13, 2020)

EURCHF four hour price chart 13-08-20

Yesterday, EUR/CHF rebounded from the downward sloping trendline originating from the August 6 high at 1.0822 indicating a weaker bullish sentiment.

To conclude, while bullish bias still in place a break below bullish trendline originated from the July 24 low at 1.0712 would reflect more hesitant bulls. Therefore, a break below 1.0679 could send the EURCHF towards 1.0611, while a break above 1.0838 may cause a rally towards 1.0911. As such, the support and resistance levels underlined on the four-hour chart should be considered.

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.