EUR/CHF Down 5 Pips in Last 4 Hours, 3 Day Down Streak Ended; is Inching Close to 50 and 200 Day Averages

EUR/CHF 4 Hour Price Update

Updated June 19, 2020 09:22 AM GMT (05:22 AM EST)

EUR/CHF is down 5 pips (0.05%) since the previous 4 hours (opening the current 4 hour candle near 1.0655), marking the 2nd candle in a row it has gone down. Out of the 37 instruments in the Forex asset class, EUR/CHF ended up ranking 22nd for the four-hour candle in terms of price change.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/CHF, which opened today priced near 1.06695, is up 9 pips 0.08% since the previous day, marking a reversal from the day prior — and the end of a 3 day negative run. Out of the 40 instruments in the Forex asset class, EUR/CHF ended up ranking 14th for the day in terms of price change. The price chart of EUR/CHF below illustrates.

EUR/CHF Technical Analysis

Coming into today EUR/CHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 50 day average, which is 43.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 and 90 day timeframes, where price is headed up. Or to simplify this another way, note that out of the past 10 days EUR/CHF’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 10 buy signals on our radar and 9 sell signals. This imputes a buy/sell ratio of 1.11, which is neutral. Here’s a piece we found on that we thought you might enjoy.