EUR/CHF Up 1 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

EUR/CHF 4 Hour Price Update

Updated May 12, 2020 12:52 AM GMT (08:52 PM EST)

The choppiness in the recent four-hour candle price action of EUR/CHF continues; to start the current 4 hour candle, it came in at a price of 1.0516, up 1 pips (0.01%) since the previous 4 hours. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 13th in terms of percentage change since the previous 4 hours.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/CHF, which started today off at 1.0516, up 1 pips 0.01% from the previous day. Out of the 40 instruments in the Forex asset class, EUR/CHF ended up ranking 21st for the day in terms of price change. Let’s take a look at price chart of EUR/CHF.

EUR/CHF Technical Analysis

Coming into today the current price of EUR/CHF 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 down. For additional context, note that price has gone down 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much commentary on EURCHF that we’re finding noteworthy here; as such, there’s not much we can say about sentiment. Here’s a piece we found on tradingview.com that we thought you might enjoy.