EUR/CHF Down 15 Pips Over Past 4 Hours, Moves Up For the 3rd Day In A Row; Crosses 20 Day Moving Average

EUR/CHF 4 Hour Price Update

Updated March 25, 2020 01:37 PM GMT (09:37 AM EST)

After 7 up four-hour candles, EUR/CHF snaps its streak, falling 15 pips (-0.14%) over the past four-hour candle to close at an exchange rate of 1.06. Out of the 40 instruments in the Forex asset class, EUR/CHF ended up ranking 25th for the four-hour candle in terms of price change.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/CHF is up 5 pips (0.05%) since yesterday (opening today near 1.0589), marking the 3rd day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, EUR/CHF ended up ranking 23rd for the day in terms of price change. Here is a price chart of EUR/CHF.

EUR/CHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EUR/CHF crossed above its 20 day moving average yesterday. Volatility for EUR/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Of note is that traders in aggregate have opinions on EURCHF, with 6 buy signals on our radar and 3 sell signals. This imputes a buy/sell ratio of 2, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.