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EUR CHF Technical Analysis - EUR CHF Trading: 2024-12-10
EUR/CHF Technical Analysis Summary
Below 0.92579
Sell Stop
Above 0.93014
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Buy |
EUR/CHF Chart Analysis
EUR/CHF Technical Analysis
The technical analysis of the EURCHF price chart on 4-hour timeframe shows EURCHF,H4 is declining under the 200-period moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.92579. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.93014. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - EUR/CHF
Euro area investor confidence deteriorated in December. Will the EURCHF price decline persist?
Euro area investor confidence deteriorated in December: the Sentix survey results showed Sentix Investor Confidence index declined to -17.5 from -12.8 in November when a slight improvement to -12.4 was forecast. Both the current situation and expectations indicators fell. Deterioration in euro area investor sentiment is bearish for euro and EURCHF. At the same time State Secretariat for Economic Affairs of Switzerland survey results indicate Swiss consumer sentiment is significantly higher than a year ago. Higher Swiss consumer confidence is bullish for Swiss franc and bearish for EURCHF pair.
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