EURCHF: Watch for Price Reaction Near Support Zone

4月21日

EURCHF: Watch for Price Reaction Near Support Zone

The EURCHF pair has tested a major support zone for the fourth time since December 2023.

This level also marks the lowest price, but rather than reflecting CHF strength, the movement seems to be driven by intervention from the Swiss National Bank (SNB).

While some analysts suggest a safe-haven shift to CHF due to the Trade War, the sharp drop in GBPCHF—despite GBP's overall strength—raises doubts about this theory.

If this support holds, EURCHF could rebound towards key resistance levels: 0.9355, 0.9425, 0.9485, 0.9545, and 0.9600.

You may find more details in the chart!
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4月23日

交易進行

EURCHF - near to the second target:)

4月24日

交易結束：目標達成

EURCHF +135 pips - Near to the second target 😁

On Monday, the EURCHF currency pair found support and rose sharply, gaining about 135 pips from 0.9275 to 0.9410. This increase wasn’t driven by any specific news about the euro but rather by oversold conditions in the market.

Despite a quiet economic calendar, the pair showed strong upward momentum and could continue climbing to 0.9600 in the next month.

Meanwhile, President Trump decided not to remove Federal Reserve Chair Jerome Powell, which boosted investor confidence and improved market sentiment.

This led to a shift of funds from safe-haven assets to riskier investments, giving the market a temporary boost.

4月25日

註釋

EURCHF - target 2 reached and it should rise more