EUR/CHF Down 3 Pips Over Past Hour, Makes Big Move Relative to Past Month; 2 Day Down Streak Snapped

Hourly Update

(Last Updated September 23, 2022 1:39 GMT)

At the moment, EURCHF’s rate is down -3 pips (-0.03%) from the hour prior. EURCHF has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURCHF entered today at 0.9608, up 101 pips (1.06%) from the day prior. Out of the 39 instruments in the Forex asset class, EURCHF ended up ranking 4th for the day in terms of price change. Here is a price chart of EURCHF.

EURCHF

EURCHF Technical Analysis

Coming into today the current price of EURCHF is sitting close to its 20 and 50 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 down. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 6 out of the past 10 days.