EUR/CHF drops below 1.0780, to lowest since April 2017

  • EUR/CHF slumps to its lowest level since April 2017.
  • United States labels Switzerland as a currency manipulator.

The Swiss franc is the best performer among the main European currencies over the last seven trading days. Despite the improvement in market sentiment, it kept rising. Today, CHF versus EUR hit the highest level in more than two years. 

The EUR/CHF pair dropped to 1.0759, after breaking a consolidation range. As of writing it trades at 1.0770/75, down almost 40 pips for the day, about to post the lowest close since April 2017. 

Today the Swiss franc keep rising after the United Stated added Switzerland to its list of currency manipulators. The Swiss National Bank mentioned that all its interventions are purely related to monetary policy. The developments could represent a pressure to the SNB to not intervene. 

Technical levels


Today last price 1.0769
Today Daily Change -0.0043
Today Daily Change % -0.40
Today daily open 1.0812
Daily SMA20 1.0863
Daily SMA50 1.0922
Daily SMA100 1.0933
Daily SMA200 1.1046
Previous Daily High 1.0834
Previous Daily Low 1.0796
Previous Weekly High 1.0862
Previous Weekly Low 1.0782
Previous Monthly High 1.1044
Previous Monthly Low 1.0838
Daily Fibonacci 38.2% 1.0811
Daily Fibonacci 61.8% 1.082
Daily Pivot Point S1 1.0794
Daily Pivot Point S2 1.0776
Daily Pivot Point S3 1.0756
Daily Pivot Point R1 1.0832
Daily Pivot Point R2 1.0852
Daily Pivot Point R3 1.087



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD near daily lows with mixed US data

The EUR/USD pair continues trading just above the 1.1000 level, as US Durable Goods Orders rose by 2.4%, largely surpassing the market’s expectations, although core readings plummeted in the red.


GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.


Bitcoin moving on the razor edge

Yesterday's positive day along the crypto board has brought the BTC/USD pair to the borderline between a bearish market and a free space where it can grow again in search of new historical highs. 

Read more

WTI bounces off lows, back above $53.00/bbl

After hitting new lows in levels last seen in early October 2019 near $52.00, prices of the WTI have managed to regains some attention and have retaken the $53.00 mark per barrel.

Oil News

USD/JPY Forecast: Consolidating at lows, bearish

Coronavirus-related fears and upcoming first-tier event keeping investors in cautious mode. US Durable Goods Orders seen posting a tepid advance in December. USD/JPY at risk of resuming its decline once below 108.65.