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Swiss Franc/Euro

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CHFEUR trade ideas

EUR_CHF (315 Pips)EUR/CHF closed at 0.93158 last week, marking the lowest low in 9 years. This significant drop indicates strong bearish pressure on the pair. Fundamental Analysis The Euro Area's final CPI reading for October is expected to show headline inflation rising from 1.7% to 2.0% YoY, while core inflation remains at 2.7% YoY . This could provide some support for the Euro. The European Central Bank (ECB) remains committed to its 2% inflation target and plans to keep policy rates restrictive as necessary . The Swiss Franc has seen increased demand recently, with USD/CHF falling 1% over the last couple of trading days . This strength in the Franc could continue to put pressure on the EUR/CHF pair. Technical Analysis The EUR/CHF pair is currently under significant bearish pressure after breaking below the support zone between 0.9335 and the 61.8% Fibonacci correction of the August upward move . This breakdown has accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May . Key levels to watch: - Support: 0.9250 (former strong support from January and August) - Resistance: 0.9335 (previous support level) . The pair has decisively escaped a symmetric triangle pattern to the downside, breaking below a key horizontal support level . This technical breakdown underscores the dominance of sellers in the current market environment. Outlook for Next Week Given the technical breakdown and the Franc's recent strength, the EUR/CHF pair is likely to continue facing downward pressure in the coming week. Traders should watch for a potential test of the 0.9250 support level , if EUR/CHF breaks below the 0.9250 support level, the next major support level would likely be around 0.9000 (315 pips). However, if the Euro receives a boost from the expected inflation data, we could see some upward movement. In this case, the 0.9335 level will be crucial as a break above could signal a short-term bullish reversal . Traders should also monitor broader market sentiment and any unexpected economic data or central bank communications that could impact either currency. The safe-haven appeal of the Swiss Franc, particularly in light of ongoing geopolitical tensions, may continue to support its strength against the Euro . Citations: fxpro.news paxforex.org www.axiory.com www.icmarkets.com www.icmarkets.com www.youtube.com www.ecb.europa.eu www.ictrading.com
Short
by NYHTSTAR
EURCHF Wave Analysis 21 November 2024 - EURCHF under bearish pressure - Likely to fall to support level 0.9250 EURCHF under the bearish pressure after breaking the support zone between the support level 0.9335 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the upward price move from August. The breakout of this support zone accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May. EURCHF can be expected to fall further to the next support level 0.9250, former strong support from January and August.
Short
by FxProGlobal
EURCHF Channel Down bottoming and giving a buy opportunity.The EURCHF pair has been trading within a Channel Down pattern on the 4H time-frame and is on its second Bearish Leg, pressured below the 4H MA50 (blue trend-line) since November 08. Having hit the 0.236 Channel Fib, the current forming of Lower Lows is similar to the bottom pattern formed on October 01. Even the 4H RSI sequences between the two fractals are identical, both on a Double Bottom that was the signal to buy at that time. Our Target is 0.93500, still below the 0.5 Fibonacci retracement (blue), which was broken during the October rebound. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Economic Divergence Pressures EUR/CHFThe euro faces headwinds due to sluggish economic growth and rising joblessness across the Eurozone, while Switzerland's stable conditions position the franc as a strong safe-haven currency. This disparity supports ongoing downward pressure on EUR/CHF, with the Swiss franc gaining strength in light of broader market uncertainties. Technical Weakness in EUR/CHF The sustained downtrend in EUR/CHF has seen prices recently break below 0.93043, moving closer to the next support at 0.92877. Indicators such as the RSI and MACD point to persistent seller dominance, reinforced by both short- and long-term moving averages in decline. Any potential bullish reversal would require breaking above resistance levels starting at 0.93276. Key Levels and Future Outlook Immediate support stands at 0.92877, with further targets at 0.92666 and 0.92433 if bearish momentum holds. Resistance to watch includes 0.93276. Upcoming European PMI data will be pivotal, potentially driving the Swiss franc higher if Eurozone pressures intensify. Sellers maintain control unless key resistance barriers are overcome.
Short
by Errante
1
EUR/CHF at a Critical Juncture: Will It Move Higher?The EUR/CHF pair has been experiencing a prolonged downtrend over the past few months, with consistent declines culminating in a record low of 0.9208. This scenario underscores strong seller dominance, as the market continually tests new support levels. Descending Triangle Analysis Currently, EUR/CHF is consolidating within a descending triangle pattern. This formation is characterised by a horizontal support line at the base and a descending trend line at the top. It indicates a temporary balance between buyers and sellers, although with escalating selling pressure as each peak becomes lower. Historically, the descending triangle is viewed as a continuation pattern, suggesting a higher likelihood of a breakout in the direction of the prevailing trend, which in this instance is downward. However, the horizontal support around 0.9305 has emerged as a psychologically significant level, acting as a protective barrier for buyers. False Breakout of Support On 19 November, EUR/CHF exhibited a false breakout below this support level, with the price momentarily breaching it. The presence of long lower shadows on the candles indicates a substantial rejection of selling pressure. This behaviour may suggest that, at least in the short term, buyers still maintain the ability to defend this critical level. Additionally, analysing the candle formations at the support provides insights into market sentiment. The emergence of long lower shadows implies that, despite a prevailing bearish environment, active buyers perceive value at current price levels. This rejection may open doors for a potential recovery, particularly if there is a convincing breakout above the descending trend line of the triangle. The sellers' behaviour is also notable: their inability to generate higher highs indicates that while they are persistently pushing prices lower, this pressure is gradually being absorbed by buyers at lower levels. This dynamic interplay of forces makes triangles a critical pattern to monitor, as any breakout—upwards or downwards—typically results in substantial price movement. The key now is to observe whether buyers can gather enough strength to breach the downtrend line, which could invalidate the classic continuation pattern and signify a potential reversal or at least a more pronounced corrective movement. Conversely, if sellers effectively break through the horizontal support without significant rejections, the triangle will confirm its continuation structure, allowing the downtrend to extend. Bullish Scenario If the price manages to break above the triangle’s downtrend line, it could signify a reversal or at least a considerable correction. The initial target for this upward movement would be: First Target: The 0.9500 region, marking the next recent high. Final Target: The 0.9770 level, which represents a significant peak in recent months. A breakout of the upper trend line, supported by confirmations such as increased volume or bullish candlestick patterns, would enhance the potential for upward movement. Bearish Scenario Alternatively, if the support at 0.9305 is broken, EUR/CHF may continue its downward trajectory. Such a breach would align with the descending triangle formation, with potential targets including: First Support: 0.9250 (a psychologically important level and previous support zone). Final Support: 0.9200 or lower, potentially exploring uncharted territory. EUR/CHF stands at a decisive moment. The rejection observed at support and the formation of the triangle provide opportunities in both directions. Monitoring price action against the upper trend line and horizontal support will be crucial for identifying the next significant move in this evolving market landscape. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
EURCHFHello Traders, Here’s my analysis for this currency pair. Feel free to leave any questions or comments below. Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities. Pro Tip: One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
EURCHF 4hr ShortEURCHF ✅ 4hr Short ✅ 💰ENTRY: 0.93605 👎STOP LOSS: 0.93703 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
EURCHF Technical Analysis! BUY! My dear friends, My technical analysis for EURCHF is below: The market is trading on 0.9373 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9394 Recommended Stop Loss - 0.9361 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
EURCHF 4hr ShortEURCHF ✅ 4hr Short ✅ 💰ENTRY: 0.93822 👎STOP LOSS: 0.94006 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx
1