EUR/CHF price analysis: Cross struggles amid mixed technical signals

Source Fxstreet
  • EUR/CHF was seen around the 0.94 zone on Friday, with minor gains.
  • The cross maintains a bearish bias despite mixed technical signals.
  • Key support is clustered below the 0.9350 level, with resistance near 0.9360.

The EUR/CHF pair is navigating a cautious tone on Friday, hovering around the 0.94 zone with modest gains. Despite the slight recovery, the broader technical outlook remains tilted to the downside, reflecting persistent selling pressure that has kept the pair within a tight range in recent sessions. Mixed signals from momentum indicators suggest a complex short-term outlook, reinforcing the cautious sentiment among traders.

EUR/CHF continues to exhibit a bearish overall structure, as suggested by the alignment of its 20, 100, and 200-day Simple Moving Averages (SMAs), which all point to downward pressure. These longer-term trend indicators confirm the broader selling bias. The Relative Strength Index (RSI) remains in the 40s, reflecting neutral conditions that align with the current sideways price action. Meanwhile, the Moving Average Convergence Divergence (MACD) signals a slight buy momentum, contrasting with the prevailing bearish sentiment.

Adding to the mixed technical landscape, the Momentum (10) indicator hovers around the 0 level, suggesting mild buying interest, while both the Ultimate Oscillator (7, 14, 28) and the Stochastic %K (14, 3, 3) rest in the 50s, indicating a largely neutral stance. This combination of signals underlines the current indecision in the market, as traders weigh the potential for a near-term rebound against the longer-term bearish trend.

For now, immediate support is expected around 0.9353, with additional layers at 0.9341 and 0.9334. On the upside, resistance is likely to emerge around 0.9362, followed closely by 0.9363 and 0.9364, potentially capping any recovery attempts in the near term.

Daily Chart

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff ConcernsS&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
Author  Mitrade
Sept 03, Wed
S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Barclays Boosts S&P 500 Outlook Amid Strong AI-Driven EarningsBarclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
Author  Mitrade
Sept 10, Wed
Barclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
goTop
quote