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Euro / Swiss Franc

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EURCHF trade ideas

EUR/CHF Trade Setup1️⃣ Market Context: EUR/CHF recently tapped into a supply zone between 0.9330–0.9335, where sellers showed clear dominance. The current structure suggests a bearish bias as the price begins to reject this zone, indicating a potential downside move. 2️⃣ Liquidity Grab: The move above 0.9330 likely cleared liquidity from previous highs, trapping buyers and providing fuel for a bearish continuation. This strengthens the short bias. 3️⃣ Supply Zone: The rejection from the supply zone highlights this area as a high-probability region for initiating short trades. It aligns with a previous imbalance and liquidity pocket. 4️⃣ Volume Confirmation: The Volume Profile indicates significant activity near 0.9330, where price has struggled to break higher. This confirms strong sell-side interest at these levels. 5️⃣ Fibonacci Confluence: This zone also aligns with the premium retracement area from a larger downtrend, adding confluence for a potential reversal. 6️⃣ Trade Idea: Looking for a short position targeting the next demand zone around 0.9300. This is where significant buy-side interest previously emerged. Entry: Around 0.9330 Target: 0.9300 Stop Loss: Above 0.9345 This setup leverages clear technical confluences, including supply rejection, liquidity grabs, and strong volume areas.
Short
by Safaric
7
EUR/CHF Consolidation: Potential Breakout or Reversal OpportunitThe EUR/CHF pair is consolidating within a descending channel. The price is nearing critical resistance and support levels, indicating potential opportunities depending on the breakout direction. Here's a detailed breakdown: Key Resistance and Support Levels: The pair is trading below a strong resistance zone around 0.9335–0.9350, aligned with the 50 EMA and the descending channel’s upper trendline. Immediate support lies at 0.9300, with a major support level at 0.9270 (recent "Weak Low" area). Indicators: The Stochastic RSI is neutral, suggesting the market is at a decision point, with neither strong bullish nor bearish momentum. Volume is decreasing, indicating indecision and potential for a breakout. Trade Setup Options: A. Sell Opportunity (If Resistance Holds): Entry Point: Near 0.9330–0.9340, if the price shows rejection or bearish candlestick patterns. Stop Loss: Above 0.9355, to allow room for volatility. Take Profit: Target 1: 0.9300 (immediate support). Target 2: 0.9270 (major support zone). Risk-Reward Ratio: Favorable, with a clear downside bias within the descending channel. B. Buy Opportunity (If Breakout Occurs): Entry Point: Above 0.9355, after a confirmed breakout with strong volume. Stop Loss: Below 0.9330, to minimize risk if the breakout fails. Take Profit: Target 1: 0.9400 (next resistance zone). Target 2: 0.9450 (recent "Strong High"). Risk-Reward Ratio: Attractive if the breakout leads to a trend reversal. Market Context: EUR/CHF has been trending lower due to sustained bearish momentum within a descending channel. Watch for geopolitical or economic news, as this pair is sensitive to risk sentiment and monetary policy expectations in Europe and Switzerland. Notes: Monitor price action closely around the resistance and support levels for clear signals. Avoid entering trades until breakout or rejection is confirmed to reduce false signals. Adjust targets based on intraday volatility and updated price action.
by fxplusinsights
EURCHF: Bottom formed. Aiming now for the 1D MA200.EURCHF is marginally bearish on its 1D technical outlook (RSI = 43.619, MACD = -0.002, ADX = 46.597) as after hitting the bottom of the S1 Zone, it rebounded and is now consolidating below the 1D MA50. This is a bottoming pattern and like the two before it in a span of 1 year, it should aim for at least the 1D MA200 (TP = 0.95500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
TradeCityPro | EURCHF Analysis Rejection or Breakout?👋 Welcome to the TradeCityPro channel! Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades. 🌍 Fundamental Overview Euro (EUR): Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength. Swiss Franc (CHF): Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability. The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment. ⏱ 4-Hour Timeframe The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports. 📉 Short Position Trigger: After a rejection from the trendline, watch for a move towards the 0.92790 support. If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866 📈 Long Position Trigger: While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment. potential long setup could occur after breaking the trendline and the 0.9335 resistance. For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
EURCHF Wave Analysis 25 November 2024 - EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF currency pair recently reversed up from the support zone located between the long-term support level 0.9250 (which has been reversing the price from the end of December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the strength of the support level 0.9250 and the bullish euro sentiment seen today, EURCHF currency pair can be expected to rise further to the next resistance level 0.9360.
Long
by FxProGlobal
EURCHF 24 Nov. 2024As you guys may noticed , on Friday SNB Chairman Schlegel had speech and after his speed , market marked up this pair and broke previous down trend and forming new up trend and of course you guys know, we will buy at demand zones to make the most out of the market ! Here i will paste SNB Chairman Schlegel's speech : " Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank (SNB), emphasized the importance of a flexible monetary policy in response to the global economic environment. Switzerland's position as a small open economy with a safe-haven currency, the Swiss franc, makes it particularly sensitive to global economic fluctuations. Schlegel noted that downturns in global demand often lead to an appreciating Swiss franc and consequently, a decrease in inflation. To manage these dynamics, the SNB has adopted a monetary policy framework that allows for a certain degree of flexibility in accepted inflation rates. The SNB aims to maintain inflation rates between 0% and 2% over the medium term, defining this range as price stability. This approach enables the SNB to adapt to economic shocks and balance the costs and benefits of its monetary policy measures. Schlegel pointed out that although inflation has occasionally deviated from this range, it has generally returned to the targeted values relatively quickly. The primary instrument of the SNB's monetary policy is the SNB policy rate, which sets the tone for the bank's monetary stance and serves as the cornerstone of its communication strategy. In addition, the SNB has engaged in foreign exchange interventions to combat both deflation and inflation threats. However, these interventions have significantly expanded the SNB's balance sheet and resulted in substantial fluctuations in its annual results. Schlegel stated that due to the associated balance sheet risks, the SNB's equity capital is currently well below the necessary level. Strengthening the bank's capital base is now a priority over profit distributions. In his speech, Schlegel also highlighted the strong performance of the Swiss economy in comparison to international counterparts over the past decades. He attributed part of this success to the SNB's commitment to maintaining price stability amidst various deflationary and inflationary pressures. Looking ahead, the SNB intends to continue supporting favorable economic conditions in Switzerland by ensuring price stability. "
Long
by wolf9743
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