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
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
Gold
Bullish
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
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.0936 S2: 1.0974 S1: 1.0998 R1: 1.1037 R2: 1.1052 R3: 1.109 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The $CAD continues to take a hit against the US Dollar after USD/CAD very nearly experienced a major long-term support-break at the end of October. Get your USD/CAD market update from @PaulRobinsonFX here:https://t.co/qeWFmoLwKt https://t.co/G0o4uIV2k7
  • US Yield Curves Update: 2Yr/5Yr: 3.8 2Yr/10Yr: 22.2 2Yr/30Yr: 69.5 5Yr/10Yr: 18.6
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.51% 🇳🇿NZD: 0.34% 🇪🇺EUR: 0.28% 🇬🇧GBP: 0.17% 🇨🇭CHF: -0.17% 🇯🇵JPY: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Wdqln8EdxW
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.12% Gold: -0.29% Silver: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JRPr0hEqpC
  • $NZDJPY: The back-and-forth we have seen since the summer bottom could be taking on a large bear-flag, but that won’t be validated until the lower threshold is broken. Get your market update from @PaulRobinsonFX here:https://t.co/xBXm7PWHhn https://t.co/j4JNtpycsU
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.55%, while traders in France 40 are at opposite extremes with 86.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SWn7XmGR9s
  • $USDJPY Daily Pivot Points: S3: 108.72 S2: 108.77 S1: 108.8 R1: 108.85 R2: 108.87 R3: 108.92 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • I guess I should have bought that 'Dow 30,000' joke hat back in 2007 (just over double the high back then)
  • US Equities Update (Friday Close): $DJI +0.80% $SPX +0.74% $NDX +0.70% $RTY +0.47% $VIX -8.47%
Euro and US Dollar May Continue Falling Against Swiss Franc: EUR/CHF, USD/CHF Price Outlook

Euro and US Dollar May Continue Falling Against Swiss Franc: EUR/CHF, USD/CHF Price Outlook

2019-06-26 09:27:00
Mahmoud Alkudsi, Market Analyst
Share:

USD/CHF Price Outlook, Charts and Analysis

Find out more about EUR and USD price outlook through mid-year, download for free Q2 major currencies forecasts

EUR and USD Trading Lower Against CHF

Since May 10, a bearish move sent EUR/CHF to its lowest level in nearly 11 months at 1.1057 losing 1.0% of its value. Alongside, USD/CHF lost approximately 4.0% printing yesterday its lowest level in nine months at 0.9694.

Today, the Relative Strength index (RSI) reading in both pairs is at 30 nearby the oversold territory, reflecting the sellers are still in charge.

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

USD/CHF Daily Price Chart (MAR 1, 2019 - June 26, 2019) Zoomed in

USD/CHF price daily chart 26-06-19 Zoomed in

USD/CHF Daily Price Chart (Oct 5, 2016 – June 26, 2019) Zoomed Out

USD/CHF price Daily chart 26-06-19 Zoomed Out

Looking at the Daily chart, we notice that USD/CHF closed on June 24 below the levels discussd in our pervious update at 0.9785 and failed yesterday to close above, eying a test of 0.9625 although, the weekly supports underlined on the chart need to be considered.

Further bearish momentum may require a close below 0.9625. This mean USD/CHF could head towards 0.9540. See the chart to find out more about the weekly support levels to be watched along the way.

In turn, a close above 0.9785 might lead USD/CHF towards 0.9860. Nonetheless, the weekly resistance zone from 0.9797 up to 0.9814 should be kept in focus. See the chart for more details if the rally continues beyond 0.9860.

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

EUR/CHF Daily Price Chart (Feb 26, 2019 – June 26, 2019) Zoomed in

EUR/CHF price daily chart 26-06-19 Zoomed in

EUR/CHF Daily Price Chart (Jan 10, 2017 – June 26, 2019) Zoomed Out

EUR/CHF price daily chart 26-06-19 Zoomed out

Looking at the Daily chart, we notice that EUR/CHF closed on June 19 below 1.1190 eying a test of 1.1001. On the following day, the price found support at 1.1057 pausing the bearish move. The price rallied yesterday however, closed with a bearish Doji. See the chart to find out about the key levels if the price rallies towards 1.1190 and above.

A continuation of the bearish trend might require EUR/CHF to close below 1.1057. This could see the pair trading towards 1.1001 although, the weekly support at 1.1023 would be worth monitoring. A close below 1.1001 could pave the way towards 1.0960. See the chart to know more about the weekly support to be watched.

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.