Bearish EURCHF scenario ahead of the ECB press conference.
EURCHF
Get the latest EURCHF news today, the latest EURCHF price, plus a historical data chart.
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.
Live Chart
latest EURCHF News
EURCHF Bulls Try to Break the Bearish Trend – Opportunities Ahead
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 Fails at Dynamic Resistance for the Second Time in Two Months
EURCHF Drops to Its Lowest Levels in 5 Years as Switzerland Plans to Re-Open Economy
EURCHF is trading at its lowest levels since July 2015 following news that the government will soon ease its coronavirus lockdown. As of this writing, the currency pair is down for the fifth consecutive day.
EURCHF Trades Lower on SNB Decision; ECB Launches PEPP
The Swiss National Bank (SNB) left its policy rate unchanged at -0.75%, even as the European Union's Chief Brexit Negotiator Michel Barnier has announced that he has the coronavirus. The SNB was not expected to cut rates, which are already in negative territory and have done little to blunt the [...]
Week Ahead: 3 Central Bank Decisions You Cannot Miss–FOMC, BOJ, and SNB
This week’s headlines were filled with news surrounding the coronavirus pandemic. We could see more variety in the week ahead especially with three major central bank announcements due. FOMC: Wednesday, 6:00 pm GMT After the Federal Reserve cut rates last week by 50-basis points, markets are expecting another round of [...]
Swiss Franc Firms on SNB Jordan’s Remarks, Sending EURCHF Lower
The USDCHF is trading lower as part of broad-based Swiss Franc strengthening on the back of remarks by the SNB Chair Thomas Jordan. Jordan is commenting on CNBC regarding the rumours surrounding a possible intervention by the Swiss National Bank to weaken the Franc. A weaker Swiss Franc enhances the [...]
Switzerland Added to US Currency Manipulator Watchlist: EURCHF Drops
The EURCHF is falling steeply as part of a Swiss Franc surge against the majors, following the decision of the US to include Switzerland in its watch-list of “currency manipulators” on Tuesday. The EURCHF is presently trading 0.38% lower after investors placed huge demand on the Swiss Franc, following this [...]
EURCHF About To Rally After CPI And Trade Data?
EURCHF has been trading lower for the past four trading days. After opening the week at 1.0987, the currency pair has been on a smooth downtrend breaking support levels at 1.0955 and 1.0880. However, technicals show that EURCHF could be at the beginning of a bounce. Support at the Bottom...
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