Credit Suisse’s analysts are maintaining a bullish outlook on the EUR/CHF, as they indicate that the pair is seen trading in a bull “flag” pattern. The bank thinks that 1.1118 is the critical upside barrier that needs to be broken to confirm this, with support being maintained at 1.0984/1.0963. As […]
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The EURCHF pair shows investors how many Swiss francs (CHF) one can buy with one euro (EUR).
What is EURCHF?
EURCHF is not a major currency pair, but is a popular pair among traders, as it is a trending pair, with long moves and less volatility while the volume is high. EURCHF is highly correlated with the USDCHF.
The Swiss franc is considered by traders and investors as a safe haven asset as the Swiss economy offers financial stability. Switzerland’s economy is based on its banking industry and exports followed by tourism. While the eurozone is a broad-based economy.
European Central Bank (ECB) is responsible for the monetary policy of the eurozone, targeting the stability of the currency, and hold the annual inflation rate between 0% and 2%. Variations from the inflation target can lead to intervention by the ECB, which either strengthens or weakens the euro.
Swiss National Bank (SNB) is responsible for the monetary policy and currency stability in Switzerland. Swiss National Bank might intervene to maintain exchange rates within its target levels, in order to support the financial sectors and exports of Switzerland. The SNB interventions can either strengthen or weaken the Swiss franc accordingly. Swiss National Bank for years now, has seen the Swiss franc as too strong and has routinely intervened to soften it.
When there is uncertainty in markets, EURCHF pair will move downwards (less Swiss Francs needed to buy a euro) as traders will move to safe-haven assets. This trend changes when the risk sentiment becomes positive.
Check out our fx calendar on investincube.com for the significant events that could affect EURCHF price, and don’t miss the analysis section which can help you get the most out of your trading.
latest EURCHF News
The EUR/CHF pair slumped to its lowest level in more than a month, as the UK and EU are yet to agree to a new Brexit trade deal, with the last ECB Meeting for the year just ahead. Investors preferred to send their bids in to the Swiss Franc, choosing […]
The latest consignment of the Commitment of Traders report, otherwise known as the CFTC Positioning Report, indicates that speculators have reduced their net long positions on the Euro to levels that were last seen in late July. This is in tandem with the rising coronavirus cases across Europe and the […]
The EURCHF cross is one of the most-watched crosses in the FX world. Despite the fact that is not so volatile, it reflects the differences between the SNB and ECB policies, but also the trade flows between the two regions. Lately, the EURCHF broke a major bearish trendline. Coming down […]
EURCHF was lower by 0.30% as markets respond to increased lockdown restrictions in Paris and other major cities. There is also a nervous tone ahead of the two-day EU summit, which begins today and could see Brexit talks breakdown at Boris Johnson’s “walkaway” date and the CHF is gaining from […]
EURCHF was flat on the day as the market awaits German inflation figures after news that the country’s debt hit a record high. Analysts expect a reading of -0.1% for inflation and traders will be watching closely due to the recent European Central Bank concerns over the strong Euro. Sunday […]
The EURCHF is one of the most interesting currency pairs part of the FX dashboard. Ever since the Swiss National Bank (SNB) dropped the exchange rate floor from the 1.20 level in January 2015, the pair gained worldwide fame. Even today, more than five years after the event, it acts […]
Bearish EURCHF scenario ahead of the ECB press conference.
The EURCHF pair made history in 2015 when the Swiss National Bank (SNB) was forced to let go of the 1.20 floor. The mayhem that followed remains in history as the one event that crushed the FX market. Fast forward five years, and the EURCHF remains a key currency pair […]
EURCHF rejected twice at dynamic resistance