EUR/CHF Price Analysis: Steps back from 100-HMA as MACD flirts with bears

  • EUR/CHF eases from intraday high of 1.0726, rises for the second consecutive day.
  • MACD conditions, multiple upside barriers direct sellers to a two-day-old support line.

EUR/CHF drops to 1.0723 during Monday’s Asian session. Even so, the Euro pair manages to print 0.06% intraday gains while stepping back from the day’s high.

The pair’s latest declines could be cited as a U-turn from 100-HMA amid downbeat MACD histogram signals.

As a result, the quote is likely to extend the latest weakness towards testing an ascending trend line from Thursday, at 1.0718 now.

Though, a downside break of 1.0718 will not only challenge the 1.0700 threshold but will also direct the EUR/CHF bears towards the monthly low near 1.0685.

On the flip side, a falling trend line from last Wednesday, at 1.0730 now, follows the 100-HMA level of 1.0725 immediate resistance.

It’s worth mentioning that the 200-HMA level of 1.0750 and October 12 high near 1.0775 will lure the EUR/CHF buyers past-1.0725.

EUR/CHF hourly chart

Trend: Further weakness expected

Additional important levels

Today last price 1.0723
Today Daily Change 6 pips
Today Daily Change % 0.06%
Today daily open 1.0717
Daily SMA20 1.0771
Daily SMA50 1.0772
Daily SMA100 1.0745
Daily SMA200 1.0679
Previous Daily High 1.073
Previous Daily Low 1.0701
Previous Weekly High 1.0774
Previous Weekly Low 1.0688
Previous Monthly High 1.0878
Previous Monthly Low 1.0727
Daily Fibonacci 38.2% 1.0719
Daily Fibonacci 61.8% 1.0712
Daily Pivot Point S1 1.0702
Daily Pivot Point S2 1.0687
Daily Pivot Point S3 1.0673
Daily Pivot Point R1 1.0731
Daily Pivot Point R2 1.0745
Daily Pivot Point R3 1.076



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

Latest Forex News

Editors’ Picks

AUD/USD: Fizzles upside momentum below 0.7400 but bears await clear signals

AUD/USD eases after refreshing the three-month top the previous day, downside have recently been confined though. Chatters surrounding US-China relations, virus woes probe risk-on but absence of the US traders, light calendar elsewhere, limits the moves.


EURUSD stabilises above 1.1900 awaiting further drivers

EUR/USD was at the whim of US dollar flows on Thursday, but ultimately ended the day flat at just above 1.1800. ECB rhetoric, as well as the minutes of the November meeting, serve as a reminder of the stimulus dilemma faced by the ECB in December.


Gold: Consolidation at critical weekly lows, bears looking for a discount

The price of gold has been on the back foot this week, breaking below the psychological $1,850s area, plummeting to a fresh weekly low of $1,800.40.

Gold news

WTI regains $45.00 even as choppy session limits the moves

WTI fades pullback moves from the highest in nine months. The energy benchmark eased from the multi-day high the previous day as global optimism, mainly fuelled through the coronavirus (COVID-19) vaccine hopes, fizzled. Also challenging the oil bulls was the US holiday due to Thanksgiving Day.

Oil News

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info