EURCHF Down 1 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Nears 20 and 200 Day Moving Averages

Hourly Update

(Last Updated June 10, 2021 18:20 GMT)

Currently, EURCHF’s rate is down -1 pips (-0.01%) from the hour prior. The hourly chart shows that EURCHF has seen 2 straight down hours. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EURCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURCHF is down 8 pips (0.07%) since the day prior (opening today near 1.09101), marking the 2nd consecutive day a decrease has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 21st in terms of percentage change since the day prior. Let’s take a look at price chart of EURCHF.

EURCHF

EURCHF Technical Analysis

Coming into today EURCHF is now close to its 20, 50, 100 and 200 day averages, located at 1.0955, 1.0991, 1.0966 and 1.0874 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 35.8 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days EURCHF’s price has gone down 6 them.

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 5 sell signals. This imputes a buy/sell ratio of 1.2, which is neutral. Here’s a piece we found on tradingview.com that we thought you might enjoy.