Back
14 May 2020
EUR/CHF Price Analysis: Euro trades in fresh 2020 lows vs. Swiss franc
- EUR/CHF is weakening to fresh 2020 lows this Thursday.
- More declines are likely with bears eyeing the 1.0462 level initially.
Daily chart
EUR/CHF is trading in a steep bear trend below its main SMAs on the daily time frame. The spot is printing lower lows and lower highs while printing fresh 2020 lows. The overall picture suggests lower prices in the medium-term with bears setting their eyes on the 1.0462, 1.0400 and 1.0337 price levels. Occasional bullish attempts can find resistance near the 1.0550, 1.0600 and 1.0667 levels.
Resistance: 1.0550, 1.0600, 1.0667
Support: 1.0462, 1.0400, 1.0337
Additional key levels