EUR/CHF technical analysis: Bounces up from key support, eyes Oct. 17 high

  • EUR/CHF is looking north, having bounced up from key MA support. 
  • The 4-hour chart indicators are also reporting bullish conditions. 

EUR/CHF is better bid at 1.1030 press time and could challenge the Oct. 17 high of 1.1059 in the next 24 hours. 

The 4-hour chart shows, the currency pair has bounced up from the 50-period moving average (MA). That ascending (bullish) technical line has emerged as strong support in the last eight days. 

The strong bounce from the key MA support is backed by an above-50 reading on the relative strength index. 

As a result, further gains could be seen, possibly toward 1.1059, as said earlier. 

The bullish case would be invalidated if the spot finds acceptance below the 4-hour chart 50-candle MA, currently at 1.1008. 

4-hour chart

Trend: Bullish

Technical levels


Today last price 1.1032
Today Daily Change 0.0025
Today Daily Change % 0.23
Today daily open 1.1007
Daily SMA20 1.0966
Daily SMA50 1.0925
Daily SMA100 1.0992
Daily SMA200 1.1155
Previous Daily High 1.1032
Previous Daily Low 1.1007
Previous Weekly High 1.1042
Previous Weekly Low 1.0982
Previous Monthly High 1.102
Previous Monthly Low 1.081
Daily Fibonacci 38.2% 1.1017
Daily Fibonacci 61.8% 1.1023
Daily Pivot Point S1 1.0999
Daily Pivot Point S2 1.0991
Daily Pivot Point S3 1.0974
Daily Pivot Point R1 1.1024
Daily Pivot Point R2 1.1041
Daily Pivot Point R3 1.1049



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

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: Demand for high-yielding assets likely to continue

The EUR/USD pair reached1.2171 last Friday, its highest since March 1, closing the week a few pips below such a high. Wall Street reached all-time highs, while US government bond yields plunged. EUR/USD is overbought but still has room to extend its advance.


GBP/USD: Scottish election’s result may take its toll on pound

 The British Pound took advantage of the broad dollar’s weakness, and GBP/USD  surged to 1.4005, retreating just modestly ahead of the close to settle around 1.3990. GBP/USD is technically bullish, could advance once above 1.4015 resistance.


Gold could target 200-day SMA

Gold extended its rally after surging above $1,800 on Thursday. During the first half of the week, the XAU/USD pair struggled to rise above $1,800 and fluctuated in a horizontal channel. The next target on the upside aligns at $1,850.

Gold News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Ripple's victory granted the firm access to the SEC's documents on the three leading cryptocurrencies. The regulatory agency recently denied the possession of these documents.

More Dogecoin News

S&P 500 and Nasdaq: Can the Fed pump anymore after weak jobs report

Well, that was an interesting jobs report. Not too many people were forecasting that one. Just in case you missed it NFP were forecast to come in around the 1 million jobs gained but instead the US only added 266k.

Read more