EUR/CHF trims losses but still sharply lower

CHF retreats but still holds to significant gains versus Euro.
EUR/CHF heads for the seventh slide out of the last eight days.

Matías Salord FXStreet

The EUR/CHF pair is falling sharply on Wednesday and from last week highs lost more than 3%. During the European session bottomed at 1.1580, the lowest level since early March. From the lows bounced to the upside rising back on top of 1.1600.

The recovery from the lows found resistance at 1.1645 and it was trading at 1.1635, down 60 pips for the day and a hundred for the week.

The Swiss Franc is among the top performers of the week. Italian politics and risk aversion supported the demand for the Swissy. The decline in EUR/CHF also contributed to general CHF strength.

Technical levels

The bearish momentum eased during the last hours but if EUR/CHF drops back under 1.1600 it could emerge again. Support levels might be seen at 1.1595, 1.1580 (May 23 low) and 1.1555. On the upside, resistance levels could be located at 1.1665, 1.1695/1.1700 and 1.1725/30 (May 18 low).

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.