(Last Updated January 7, 2021 2:18 GMT)
At the moment, EURCHF’s rate is down -2 pips (-0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 is up 30 pips (0.28%) since the previous day (opening today near 1.08232), marking the 2nd straight day an upward move has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 16th in terms of percentage change since the previous day. The price chart of EURCHF below illustrates.
EURCHF Technical Analysis
Moving average crossovers are always interesting, so let’s start there: EURCHF crossed above its 20 day moving average yesterday. For additional context, note that price has gone up 15 out of the past 30 days.