|Day's Range||1.171 - 1.171|
|52 Week Range||1.1540 - 1.17129|
The Euro has continued to face headwinds versus the U.S Dollar short term. While range trading may prevail today, this will vanish as the U.S Fed’s monetary policy decision draws closer on Wednesday.
The Euro has been able to achieve noteworthy gains the past two days against the U.S Dollar, but trading volumes remain light and strong resistance looms ahead.
Wednesday is a FED day and all investors are waiting for the rate decision, statement and the economic projections from the FOMC. Obviously, all that is based on the technical analysis and it all can be easily canceled and declined by the FOMC. The support line is under the pressure recently and the buyers cannot create a bounce.
The Euro continues to experience headwinds in the short term as traders remain cautious due to knock-on effects from the Pound as political concerns remain about the Brexit. However, the Euro is intriguing moving forward and may find buyers who believe it should be valued higher.
Following it’s reversal from 1.1960 during early-week, the EURUSD recently dropped below an immediate TL support, which if sustained could further fetch the pair down towards 1.1755; though, it’s additional declines might be confined by the 1.1730-20 horizontal-region. Should sellers refrain to respect 1.1720 mark, the 1.1665 and the 1.1615 may entertain them, breaking which can drag the quote to 1.1550 support. In case if the pair reverses from current levels, the 1.1875-80 and the 1.1910 could restrict its near-term advances while an upward slanting TL, at 1. ...
USD/CHF It’s been nearly a fortnight since the USDCHF moves are confined within a 105-pip range of 0.9935 to 1.0040. However, pair’s repeated failures to clear the 1.0040, coupled with rising Geo-political uncertainty favoring CHF strength, support more of its downside than the otherwise at least for the short-term. Presently, the 0.9960 and the 0.9950 … Continue reading Important CHF Pairs’ Technical Checks: 08.11.2017
A Technical view of the market with the use of Harmonics Analysis Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals. EURUSD failed at the 50% retrace of the decline from the September … Continue reading EUR Pairs Heavy or at Resistance
The Backstory Tensions have been recently rising in Spain, particularly in the run-up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it. The day of the referendum was a particularly eventful one, as the Spanish government tried hard to prevent it … Continue reading Will the Catalonia Effect Sink the EUR?
The USD/CHF pair bounced above 0.9669 the barrier as the downside attempts were repeatedly contained by strong support provided by top of thickening four-hour cloud reinforced by rising 50SMA. Near term techs regained bullish momentum on fresh rally, with probe above important 0.9698 resistance zone expected to generate fresh bullish signal on firm break above … Continue reading Morning Market Update – USD/CHF
USD/CHF Having failed to surpass a month-old descending trend-line, at 0.9645 now, the USDCHF now tests an immediate upward slanting TL support of 0.9590, break of which could quickly drag it to 0.9560 and the 0.9525 rest-points. Given the pair continue declining after 0.9525, the 0.9480 and the 0.9450 might offer intermediate halts during its … Continue reading Technical Update For Important CHF Pairs: 20.09.2017
USD/CHF While a short-term “Falling-Wedge” continues offering frequent bounces to the USDCHF, chances of the pair’s pullback from more than a week’s low towards 0.9555 and then to the formation resistance-line of 0.9585 seem brighter. However, break of 0.9585 will confirm an immediate bullish chart pattern and may activate the quote’s up-moves in direction to … Continue reading Technical Checks For Important CHF Pairs: 07.09.2017
The Euro is certain to see significant volatility today as ECB President Mario Draghi speaks. Traders must be ready for reversals on technically driven positions. Traders need to be alert during the ECB Press Conference. Mario Draghi Effect Traders of the Euro must be prepared for a challenging day of trading. European Central Bank President … Continue reading Dangerous Day Ahead for Euro as All Eyes on the ECB
USD/CHF Considering the USDCHF’s latest recovery from 0.9427, which helped it surpass immediate TL resistance, the pair seems capable enough to challenge the intermediate trend-line figure of 0.9715, immediately followed by 100-day SMA level of 0.9730. Given the pair’s capacity to extend its up-moves beyond 0.9730, the 0.9775, the 0.9805 and the 0.9860 may entertain … Continue reading Technical Overview of USD/CHF, EUR/CHF, AUD/CHF & NZD/CHF: 31.08.2017
The Euro has remained under pressure the past two day. After attaining new highs, the Euro has lost value against the U.S Dollar rapidly and may continue to face headwinds the next two days as technical traders take advantage of its short-term range. Range Proving Rough for Euro Traders The Euro has taken traders on … Continue reading Euro Roller Coaster Ride Scaring Traders
The Euro has been one of the star performers of 2017. We will now try to determine its main drivers of strength, as well as its potential outlook going forward. Drivers of Strength Euro sentiment had been on the bearish side for a prolonged period of time. This was due to a combination of factors … Continue reading Is the Euro’s 2017 Rally sustainable?
Investing.com - The Swiss franc and the yen eased on Thursday but remained supported after surging in the previous session as heightened tensions between the U.S. and North Korea sparked a flight to safety.
Investing.com - The traditional safe haven Swiss franc jumped higher against the dollar and the euro on Wednesday as heightened tensions on the Korean peninsula prompted risk-off trade.
EUR/CHF exchange rate is exploding higher, making a 4.5 Percent Move over the last six Trading days. Usually, such price action involves significant announcements by central banks or a big surprise in new economic data readings. However, the facts are already known for a while. The divergence between central Banks Monetary policy, interest rates and … Continue reading EUR/CHF – Fireworks and Long Term Perspective
Investing.com - The U.S. dollar edged higher against the Swiss franc on Thursday, after the Swiss National Bank left interest rates on hold and said the local currency was still "significantly overvalued."
Investing.com - The Swiss National Bank left its benchmark interest rate unchanged at record-low levels and reiterated that it is still prepared to take further action to weaken the franc, it announced on Thursday.