EUR/CHF is in correction mode on the daily time frame, and it looks like this former support zone could hold as a ceiling.
If so, how low can the pair go?
Check out these inflection points on the long-term chart!
EUR/CHF Daily Forex – Chart Faster with TradingView
This euro pair has been selling off ever since it crashed below the key support zone around the .9200 major psychological mark earlier this year.
After all, safe-haven flows have been piling into the Swiss franc while the Middle East conflict continues to stoke global uncertainty.
However, SNB officials have also been discouraging excessive franc inflows, threatening to intervene in the FX market if necessary.
Will any of the resistance levels still hold?
Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the euro and the Swiss franc, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
EUR/CHF is testing the near-term resistance at the 38.2% Fib, which lines up with the pivot point (.9120), but could still go for a higher pullback to the 50% level closer to the area of interest and R1 (.9180).
The line in the sand for a bearish pullback could be the 61.8% level that coincides with the 100 SMA dynamic inflection point. This moving average is below the 200 SMA to suggest that bears still have the upper hand.
Look out for reversal candlesticks at any of the Fibs, as a continuation of the slide could take EUR/CHF back down to the swing low at S2 (.8970) or to fresh lows at S3 (.8870).
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment.
Promoted: The Analysis & Strategy are only half the Battle; Your Mindset is the Rest.
Today’s chart art focuses on the ongoing EUR/CHF correction. But as any pro will tell you, even the cleanest trend-following setup can fall apart if the trader doesn’t stay disciplined when price starts testing the level.
In “Unknown Market Wizards,” Jack Schwager interviews successful traders to reveal a common truth: their edge isn’t just knowledge or skills—it’s their psychological resilience and rigid risk control. Whether you’re navigating tariff shocks or safe haven flows into the franc, learn how the “wizards” stay clinical when the rest of the market is emotional.
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Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
