EUR/CHF Price Analysis: Euro trades in fresh 2020 lows vs. Swiss franc

EUR/CHF is weakening to fresh 2020 lows this Thursday.
More declines are likely with bears eyeing the 1.0462 level initially.

Flavio Tosti Independent Analyst

Daily chart

EUR/CHF is trading in a steep bear trend below its main SMAs on the daily time frame. The spot is printing lower lows and lower highs while printing fresh 2020 lows. The overall picture suggests lower prices in the medium-term with bears setting their eyes on the 1.0462, 1.0400 and 1.0337 price levels. Occasional bullish attempts can find resistance near the 1.0550, 1.0600 and 1.0667 levels.

Resistance: 1.0550, 1.0600, 1.0667

Support: 1.0462, 1.0400, 1.0337

Additional key levels

EUR/CHF

Overview
Today last price	1.0508
Today Daily Change	-0.0009
Today Daily Change %	-0.09
Today daily open	1.0517

Trends
Daily SMA20	1.0535
Daily SMA50	1.056
Daily SMA100	1.0642
Daily SMA200	1.0789

Levels
Previous Daily High	1.0532
Previous Daily Low	1.0515
Previous Weekly High	1.0563
Previous Weekly Low	1.0518
Previous Monthly High	1.0612
Previous Monthly Low	1.0508
Daily Fibonacci 38.2%	1.0526
Daily Fibonacci 61.8%	1.0521
Daily Pivot Point S1	1.051
Daily Pivot Point S2	1.0504
Daily Pivot Point S3	1.0493
Daily Pivot Point R1	1.0528
Daily Pivot Point R2	1.0539
Daily Pivot Point R3	1.0546

Author

Flavio Tosti

Independent Analyst

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