EUR/CHF Price Recap
EUR/CHF is up 19 pips (0.18%) since yesterday (with its current price near 1.05855), marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 14.01% from the day prior, and up 307.3% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/CHF ended up ranking 20th for the day in terms of day-over-day price change. The price chart of EUR/CHF below illustrates.
EUR/CHF Technical Analysis
Notably, EUR/CHF is now close to its 20, 50 and 100 day averages, located at 1.0614, 1.0675 and 1.081 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days EUR/CHF’s price has gone up 5 them.
The View From Around the Web
Of note is that traders in aggregate have opinions on EURCHF, with 3 buy signals on our radar and 9 sell signals. This imputes a buy/sell ratio of 0.33, which is bearish. Here’s a piece we found on dailyfx.com; below is a short snippet from it to give you a taste.
The Euro may suffer with the DAX if commentary from the Eurozone Finance Minister meeting spooks markets and pushes investors into the opens arms of the anti-risk Swiss Franc.