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
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Heads Up:🇺🇸 USD New Home Sales (MoM) (DEC) due at 15:00 GMT (15min), Actual: N/A Expected: 1.60% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-01-27
  • $USDCAD tests 1.320 psychological level this morning https://t.co/dN5L4VYjHA
  • Mind the gap... $SPX opens over 1.50% lower than Friday's close https://t.co/oNiUINktEr
  • RT @carlquintanilla: MORGAN STANLEY: "The top 5 contributors (Apple, Microsoft, Alphabet, Facebook, and Mastercard ) contributed ~31% to th…
  • Cable is currently nudging higher and trying to re-take 1.3100. The pair have broken through minor resistance from the 20- and 50-day moving averages. Get your GBP/USD technical analysis from @nickcawley1 here: https://t.co/qZcZiQg3wL https://t.co/tTyOX6ZJuZ
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: -1.73% US 500: -1.75% Germany 30: -2.63% France 40: -2.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Nw2aAOxj3y
  • $USDCNH up over 0.50% since market open on the 26th https://t.co/secEk4ikHB
  • RT @economics: Inside the Fed, it’s steady-as-she-goes – outside, the conversation is quite different (via @ctorresreporter) https://t.co/4…
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/R1pzYzU14J
  • Love to use the MACD indicator when charting! @CMTAssociation https://t.co/pTUU61JvFg
EUR/CHF Classical 05.04

EUR/CHF Classical 05.04

2010-05-04 06:21:00
Joel Kruger, Technical Strategist
Share:

eurchf2

 

EUR/CHF: Daily studies have finally turned up from violently oversold readings after breaking to fresh record lows by 1.4145, but weekly and monthly studies are still showing plenty of room for additional upside from here. The recent break back above 1.4410 is critical and should help to confirm major basing and accelerate gains back towards 1.4600 over the coming sessions. Look for any setbacks to now be well supported ahead of 1.4300.  Next resistance comes in by 1.4465.

 

 

 

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 

If you wish to receive Joel's reports in a more timely fashion, e-mail instructor@dailyfx.com and you will be added to the "distribution" list.

 

 

If you wish to discus this topic or any other feel free to visit our Forum page

 

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

DISCLOSURES

News & Analysis at your fingertips.