EURCHF Down 0 Pips On Hourly Chart; Moves Up For the 4th Straight Day

Hourly Update

(Last Updated February 22, 2021 23:18 GMT)

Currently, EURCHF’s rate is down 0 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

EURCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURCHF is up 30 pips (0.27%) since the day prior (opening today near 1.08639), marking the 4th straight day an upward move has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 14th in terms of percentage change since the day prior. The price chart of EURCHF below illustrates.

EURCHF

EURCHF Technical Analysis

Coming into today the current price of EURCHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days.