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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Gold: 0.04% Silver: -1.18% Oil - US Crude: -2.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ccCknbeGYC
  • Heads Up:🇺🇸 New Home Sales MoM (SEP) due at 14:00 GMT (15min) Expected: 2.8% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-10-26
  • There is very little on the economic calendar this week to guide Sterling, while the latest coronavirus numbers show new infections around 20,000 while there have been another 151 fatalities. Get your $GBPUSD market update from @nickcawley1 here:https://t.co/Uj5UYAuwjE https://t.co/IooP7cx5PT
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.04% France 40: -0.73% US 500: -1.05% Wall Street: -1.15% Germany 30: -2.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3eOsVdmfov
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.84%, while traders in EUR/USD are at opposite extremes with 73.21%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EwayAGFbnA
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week! https://t.co/chKtG7waxH
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.02% 🇬🇧GBP: 0.00% 🇦🇺AUD: -0.13% 🇨🇭CHF: -0.29% 🇪🇺EUR: -0.35% 🇨🇦CAD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mZiZqBCZLu
  • Heads Up:🇺🇸 Chicago Fed National Activity Index (SEP) due at 12:30 GMT (15min) Expected: 0.39 Previous: 0.79 https://www.dailyfx.com/economic-calendar#2020-10-26
  • Weekly Strategy Webinar starting in 15mins on DailyFX! https://t.co/lxd5fZnn4H
  • 🇲🇽 Economic Activity YoY (AUG) Actual: -9.4% Expected: -8.2% Previous: -9.9% https://www.dailyfx.com/economic-calendar#2020-10-26
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, 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