EUR/CHF is trading higher at the start of the new week, exchanging hands in the 0.9630s, after achieving new year-to-date (YTD) highs.
EUR/CHF makes new year-to-date highs in 0.9630s. Short and intermediate trends are bullish – long-term still bearish.
is diverging bearishly, however, and triangles are bad omens. EUR/CHF is trading higher at the start of the new week, exchanging hands in the 0.9630s, after achieving new year-to-date highs. The pair is in an uptrend both on the short and intermediate time frame as the peaks and troughs continue rising. Given the old adage that “the trend is your friend” the progression higher is tipped to continue.
failed to make a corresponding higher high. This suggests underlying weakness and the possibility the price may pullback, although so far there has been no reaction. The on the daily chart crossed below its signal line last week giving a sell signal, although price continued rising. Euro to Swiss Franc: Daily chart The pair has provisionally broken above the 50-week Simple Moving Average at 0.9600. The SMA has acted as a dynamic resistance level repelling price repeatedly during its bear trend since 2021. Overall EUR/CHf remains in a long-term bear trend and would need to break above the 0.9685 November 2023 high to suggest reversal.
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