Quotes

CFD Trading Rate Euro vs Swiss Franc (EURCHF)

Bid
Ask
Change (%)
Date/Time (GMT 0)
Over the past 10 days
Date Rate Change

Related news

  • 22.03.2024 09:56
    EUR/CHF: Selling the rally remains risky, a gradual climb towards parity is a more likely outlook – ING

    The Swiss Franc (CHF) was dealt a blow on Thursday as the Swiss National Bank unexpectedly cut rates by 25 bps.  Economists at ING analyze CHF outlook.

    SNB cut paves the way for more CHF weakness

    We think cuts in June and September now look likely. That would take the policy rate in Switzerland back to 1%, with another move potentially lowering it to 0.75%.

    The EUR-CHF rate gap – a key driver of EUR/CHF – is set to prove supportive for the pair beyond the short term. We suspect markets are wrong in pricing in more than 75 bps of easing by the ECB this year, while the SNB rate expectations can face further dovish repricing.

    Crucially, the SNB’s policy statement made two references to the strength of the Franc in real terms, meaning the FX intervention tool can now be used to weaken the currency. 

    Things may quiet down in EUR/CHF now, especially as markets may incline to price in more cuts by the ECB, but selling the rally in the pair remains risky, and a gradual climb towards parity is a more likely outlook.

     

  • 19.03.2024 09:36
    A surprise SNB cut would likely carry EUR/CHF over 0.9700 and potentially USD/CHF sharply higher – ING

    EUR/CHF is flying high at 0.9660. Economists at ING analyze the Swiss Franc (CHF) outlook ahead of the SNB meeting on Thursday.

    EUR/USD could come lower on a major European central bank cutting rates

    Data released today showed that the Swiss National Bank was still selling FX in the fourth quarter of last year. It might have flipped to FX buying this quarter, but confirmation of that will not emerge until late June. 

    In focus, however, is Thursday's Swiss National Bank rate meeting, where some are looking for the first rate cut. That is not our house view, but we do not rule it out given that the SNB only meets four times per year compared to eight times for the ECB. 

    A surprise SNB cut would likely carry EUR/CHF over 0.9700 and potentially USD/CHF sharply higher since EUR/USD could come lower on a major European central bank cutting rates.

     

  • 18.03.2024 14:11
    EUR/CHF Price Analysis: Reaches new high for 2024
    • EUR/CHF makes new year-to-date highs in 0.9630s. 
    • Short and intermediate trends are bullish – long-term still bearish. 
    • MACD 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 (YTD) 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. 

    The EUR/CHF pair has broken out of the Symmetrical Triangle price pattern it formed last week and is close to reaching the minimum price objective for the breakout at 0.9648 – the 0.618 Fibonnaci ratio of the height of the triangle extrapolated from the breakout point higher. 

    Euro to Swiss Franc: 4-hour chart

    It is possible the price could also rise up to the 100% extension of the height of the triangle at 0.9680. Once met, however, there is a risk the pair could correct more substantially or even reverse as often triangles mark the penultimate moves in trends. 

    The Moving Average Convergence/ Divergence (MACD) momentum indicator is showing bearish divergence with price on the 4-hour chart. Whilst price reached a higher high (for the year) on Monday at 0.9638, the MACD 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 MACD 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 (SMA) 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. 

    Euro to Swiss Franc: Weekly chart

    Multiple touches indicates it is a significant barrier. If the break holds for another week that would strengthen the bullish case and suggest a major obstacle was in the rear view mirror. Currently it is too early to say whether this is the case. 

    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. 
     

  • 18.03.2024 10:07
    EUR/CHF may move lower this week, but expected to find good support at 0.9600 – ING

    Economists at ING analyze EUR/CHF outlook ahead of the SNB decision on Thursday.

    SNB to stay on hold

    We expect the SNB to stay on hold even though there has been some speculation of a rate cut already this month. However, we think the SNB is much more likely to wait for its next meeting in June to start easing policy. That allows for a couple more months of evidence that inflation has indeed stabilised, and this is also the point that the ECB is expected to cut. 

    EUR/CHF may move lower this week as the 7 bps of implied tightening for this meeting are priced out, but we still expect the pair to find good support at 0.9600.

     

  • 12.03.2024 15:53
    EUR/CHF Price Analysis: Pullback possible amid mixed signals
    • EUR/CHF touches 50-week SMA and recoils
    • RSI on daily chart indicates possibility of a pullback. 
    • Symmetrical Triangle has formed on 4-hour chart with breakout likely. 

    EUR/CHF has rebounded from the 0.9254 December 2023 lows and rallied up to resistance from a key barrier in the form of the 50-week Simple Moving Average (SMA). The pair is probably still in a long-term downtrend despite recent strength. 

    Euro to Swiss Franc: Weekly chart

    The price has respected the red 50-week SMA on the multiple prior occasions it touched it during its downtrend. This reinforces the level’s strength as a resistance point. It probably indicates the price is about to pullback. There is a good chance it could correct back to the level of the trendline at around 0.9500 for a retest.  

    The pair is converging with the Relative Strength Indicator (RSI), a momentum study. This is a bullish sign. The most recent peak in price was accompanied by a relatively higher peak in RSI when compared to the previous peak in price (circled). This is convergence and suggests underlying strength. 

    A further bullish sign is that the pair has broken above the trendline. 

    Euro to Swiss Franc: Daily chart

    EUR/CHF has just exited overbought extremes on the RSI on the daily chart. This is interpreted as a signal to sell long positions and open short positions. It suggests the pair could pullback down, at least to the level of the trendline at about 0.9500. 

    The pair has broken above all the key Moving Averages and the 200-day SMA is acting support. EUR/CHF has also moved above the previous higher low of the downtrend. These are both signs indicating that it is probably in a bullish intermediate trend, favoring bulls on that time horizon. 

    Euro to Swiss Franc: 4-hour chart

    EUR/CHF has formed a Symmetrical Triangle on the 4-hour chart suggesting indecision. The pattern has equal chances of it breaking out in either direction, however, some analysts hold that the odds slightly favor a breakout in the direction of the trend prior to the formation of the triangle, which in this case is bullish. 

    Should price breakout higher it will probably not rise very much higher before capitulating since triangles are usually the penultimate moves in trends.

    The RSI has declined visibly during the formation of the triangle, however, suggesting underlying weakness and a chance price could break lower. 

    The 4-hour chart is used to assess the short-term trend. The series of rising peaks and troughs since the December 2023 lows indicates the pair is in a short-term uptrend.

     

  • 05.03.2024 14:10
    EUR/CHF: Scope for pullbacks over the next few weeks – Rabobank

    In 2023, the Swiss Franc (CHF) was the best performing G10 currency. Last year’s strong performance culminated in EUR/CHF reaching a record low in December. Since then, EUR/CHF has moved lower. Economists at Rabobank analyze the pair’s outlook.

    EUR/CHF forecasts revised up 

    EUR/CHF has surged above the 0.9600 level which takes it back close to its average level over the past year. Whether this uptrend can be sustained will depend heavily on the outcome of the SNB’s March policy meeting. That said, it is highly probable that EUR/CHF has become overextended, suggesting scope for pullbacks over the next few weeks.

    We have recently revised up our EUR/CHF forecasts in recognition that the SNB has a greater incentive to cut rates earlier than other G10 central banks. However, given the recent rise in the value EUR/CHF, we see scope for pullbacks near term which we would view as buying opportunities.

     

  • 05.03.2024 09:23
    EUR/CHF: Little more upside potential in the short term – Commerzbank

    EUR/CHF trades over 0.9600. Economists at Commerzbank analyze the pair’s outlook.

    Discussion about SNB Jordan’s successor will have little impact on the Franc

    It should be noted that SNB Chairman Thomas Jordan announced at the end of last week that he will step down at the end of September. This means that he will still chair three interest rate decisions. The discussion about his successor is likely to accompany us for the next few months but will have little impact on the CHF in the short term. 

    The Franc has suffered in recent months because expectations for the ECB's first interest rate move have been pushed back, allowing EUR/CHF to work its way up to 0.9600. However, most of this should have been priced in by now, so I see little more upside potential in EUR/CHF in the short term, especially not so close to the ECB meeting.

     

  • 04.03.2024 09:33
    EUR/CHF: Bullish momentum intact – SocGen

    Economists at Société Générale note that the EUR/CHF pair retains bullish momentum after Swiss inflation data came below forecast.

    Last week’s low of 0.9500/0.9470 is an important support near term

    Another downward surprise for Switzerland's CPI today for February will amp up expectations of a rate cut by the SNB this month. President Jordan who announced last week he will step down in September, said the policy target has been reached. 

    Upward momentum in EUR/CHF is intact. 

    Daily MACD has entered positive territory highlighting prevalence of upward momentum. 

    Last week’s low of 0.9500/0.9470 is an important support near term; defence of this zone could lead to persistence in up move.

    Beyond 0.9610, next objectives could be located at last September/November highs of 0.9680 and 0.9775.

     

  • 04.03.2024 08:16
    EUR/CHF: Bearish reversal not seen on the horizon – ING

    EUR/CHF is just below 0.9600 after the release of Swiss inflation data. Economists at ING analyze the pair’s outlook.

    Ongoing disinflation continues to suggest the new SNB President may stay clear of more CHF-supporting measures

    Switzerland has just published February CPI figures, which came in slightly hotter than expected. Headline inflation slowed from 1.3% to 1.2% and core from 1.2% to 1.1%, in line with consensus.

    Despite the smaller-than-expected decline, ongoing disinflation continues to suggest the new SNB President (Jordan announced his resignation last week) may stay clear of more CHF-supporting measures.

    EUR/CHF has had a strong run lately, but we had targeted a move to 0.9600 by the spring and do not see a bearish reversal on the horizon.

     

  • 27.02.2024 09:16
    EUR/CHF: A break of 200-DMA at 0.9569 could hasten the rally towards November highs at 0.9685 – SocGen

    EUR/CHF moves one step closer to 200-Day Moving Average (DMA) of 0.9569. Economists at Société Générale analyze Euro’s outlook. 

    EUR/USD: Further gains could be in the offing into month-end

    EUR/USD has done well to haul itself back up to 1.0850 and further gains could be in the offing into month-end.

    Keep an eye on EUR/CHF as the cross drifts ever closer to the 200-DMA at 0.9569. A break could potentially hasten the rally towards November highs at 0.9685. 

    The change in mood is reflected also in options where 1-month RR (EUR calls/CHF puts) is on the verge of turning positive (premium for EUR calls) for the first time since January 2023.

     

  • 26.02.2024 17:09
    EUR/CHF hits ten-week highs above 0.9550 as Franc continues to soften
    • EUR/CHF up over 3% from December’s lows.
    • ECB President Lagarde looks ahead to growth rebound.
    • Swiss Franc is broadly weaker across the majors market.

    EUR/CHF knocked into fresh multi-month highs on Monday as the pair steps into a ten-week peak above 0.9550. The Swiss Franc (CHF) has depreciated notably against the majority of its major currency peers in 2024, and is down 2.88% YTD against the Euro (EUR).

    European Central Bank (ECB) President Christine Lagarde hit the newswires on Monday while speaking about the ECB’s latest Annual Report in Strasbourg. The ECB head noted that the ECB expects inflation to continue slowing as the upward momentum from past shocks fade. It has been almost three straight years since the start of inflation the ECB initially called ‘transitory’. European inflation is not projected to decline below the ECB’s upper target of 2% until sometime in 2025.

    ECB President Lagarde: Restrictive policy stance acts as a safeguard against wage-price spiral

    Germany’s Gfk Consumer Confidence Survey for March is due early Tuesday and is forecast to improve slightly, expected to print at -29.0 versus the previous -29.7. Switzerland’s ZEW Survey of Expectations for February is due Wednesday, which last printed at -19.5. Thursday brings both German Retail Sales for January and Switzerland’s fourth quarter Gross Domestic Product (GDP) print, which is forecast to ease slightly to 0.2% QoQ compared to the previous quarter’s 0.3%.

    EUR/CHF technical outlook

    EUR/CHF has been on a firm bullish push lately, with the pair set to close in the green on Monday and chalk up another bullish candle, with 15 of the last 17 consecutive trading days closing flat or higher.

    With the pair cracking December’s high at 0.9545, the next immediate target for EUR/CHF bidders will be November’s swing high of 0.9685.

    EUR/CHF hourly chart

    EUR/CHF daily chart

     

  • 14.02.2024 14:59
    EUR/CHF: Policy divergence between ECB-SNB to support upward trajectory – OCBC

    EUR/CHF has moved back above the 0.9500 level. Economists at OCBC Bank analyze the pair’s outlook.

    Euro Area growth to stabilise in the second half of the year

    While SNB may not pursue a strong FX policy, the EUR may also come under pressure in the near term owing to lacklustre economic activities in the Euro Area region, growing risk of an earlier than expected ECB rate cut cycle (possibly as early as in Apr-2024) and election risks in Europe. 

    On net, the negative effects for EUR and CHF may offset each other for 1H. But into 2H 2024, we are expecting Euro Area growth to stabilise, and the ECB rate cut cycle to be more modest (our house view expects 75 bps cut for 2024) while SNB may potentially begin rate cut cycle in 2H 2024 (market expectation). 

    The policy divergence between ECB-SNB, growth stabilisation in Euro Area and SNB’s pursuit for not a strong CHF can potentially support an upward trajectory for EUR/CHF. 

    EUR/CHF – Mar-24 0.9460 Jun-24 0.9540 Sep-24 0.9790 Dec-24 0.9990 Mar-25 0.9990

  • 13.02.2024 10:15
    EUR/CHF is tactically trying to turn a corner – SocGen

    EUR/CHF +0.5% after weak Swiss Consumer Price Index (CPI) data. Economists at Société Générale analyze the pair’s outlook.

    Weak CPI opens door to March SNB cut

    The good news for EUR/CHF is that inflation in Switzerland slowed to 1.3% and core declined to just 1.2%, the lowest since January 2022. A dovish pivot in March looked a dead cert after the comments of President Jordan in Davos last month. Weak CPI brings the possibility of a rate cut next month from 1.75%. 

    It has been a tricky start to the year for EUR/CHF but positioning for a rate cut should mean EUR/CHF is at least tactically trying to turn a corner. 

    The cross still trades below the 200-DMA of 0.9580.

     

  • 08.02.2024 07:28
    EUR/CHF to head towards the 200-DMA, modestly above 0.9600 into mid-2024 – CIBC

    The Swiss Franc (CHF)proved the major G10 outperformer in 2023. Economists at CIBC Capital Markets analyze EUR/CHF outlook for the coming months.

    Graduated weakening in the CHF

    The combination of disinflationary dynamics and an SNB that is increasingly mindful of a strong currency points towards a graduated weakening in the CHF.

    Currently, the market anticipates more ECB activism into mid-year (-53 bps) than for the SNB (-42 bps). We would view both as likely to consider a more modest degree of policy easing. 

    Given the prospect of a more aggressive paring in ECB rate cut assumptions this points towards EUR/CHF heading towards the 200-Day Moving Average, modestly above 0.9600 into mid-2024.

     

  • 07.02.2024 10:51
    EUR/CHF: Scope for further dips to the 0.9300 area on a 1-to-3-month view – Rabobank

    EUR/CUF reached a record low at the end of 2023. Since then, the pair has drifted modestly higher. Economists at Rabobank analyze EUR/CHF outlook.

    Swissie can be particularly sensitive to headwinds in the Eurozone

    While various geopolitical factors have the potential to spark CHF buying, the Swissie can be particularly sensitive to headwinds in the Eurozone. Economic stagnation, budget constraints and strike action in Germany combined with calls for structural reforms in Europe’s largest economy could limit scope for appreciation in EUR/CHF medium term. 

    We see scope for further dips to the 0.9300 area on a 1-to-3-month view failing a more dovish stance from the SNB.

     

  • 26.01.2024 10:25
    EUR/CHF seen at at 0.9300 in 6-12M – Danske Bank

    EUR/CHF reached the lowest level since 2015 by the end of December, breaching below the 0.9300 mark. Economists at Danske Bank analyze the pair’s outlook.

    SNB to deliver its first 25 bps cut in June

    We expect the SNB to deliver its first 25 bps cut in June but see risks tilted towards earlier. Overall, we see relative rates as fairly neutral for the cross. We no longer expect the SNB to intervene to strengthen the CHF.

    We remain bullish on the CHF on the back of fundamentals and a global growth slowdown but acknowledge that the tailwinds will likely be more modest in 2024 than in 2023 given both the halt to FX intervention and smaller inflation differentials between Switzerland and G10 space. We target the cross at 0.9300 in 6-12M.

    Risks to the forecast include a sharp reacceleration in global growth and SNB FX intervention to weaken the CHF.

     

  • 18.01.2024 11:10
    EUR/CHF can trade back up to the 0.9600 area over the next three months – ING

    EUR/CHF is moving higher. Economists at ING analyze the pair’s outlook.

    ECB might be pushing back against easing expectations

    While the ECB might be pushing back against easing expectations, the SNB is pushing in favour of those easing expectations given the Swiss Franc is too strong.

    We think the EUR/CHF pair can trade back up to the 0.9600 area over the next three months as ECB easing expectations are further reined in.

    See: Swiss Franc vulnerable to a further sell-off in the near-term – MUFG

  • 17.01.2024 11:35
    EUR/CHF set to correct back up to the 0.9500/0.9600 area – ING

    EUR/CHF clawed back losses last week. Economists at ING analyze the pair’s outlook. 

    Looking for the correction higher

    EUR/CHF looks too low to us. It looks to have traded down to these 0.9200/0.9300 levels on the back of the excessive pricing of the ECB easing cycle. Our team looks for a mere 75 bps compared to current pricing of 150 bps. If we are right – and given that rate differentials have been a bigger driver over recent months – we see EUR/CHF correcting back up to the 0.9500/0.9600 area.

    We now expect the SNB to be FX buyers.

    Geopolitics is a bearish risk, but macro favours a higher EUR/CHF.

     

  • 15.01.2024 11:44
    EUR/CHF to enjoy a mild rise in the coming months – Erste Group

    Economists at Erste Group Research are forecasting a strengthening of the Euro (EUR) against the Swiss Franc (CHF).

    Convergence of inflation differential should hamper further strengthening of Franc

    Inflation rates in the two currency areas should be close to one other in the coming months. From this perspective, there should therefore be little reason for the Franc to strengthen further against the Euro.

    In addition, the development of the currency pair also depends on the further course of the economy and the risk appetite of global investors. If the economic picture in the Eurozone gradually brightens, which we expect, this should also support the Euro against the Franc.

    We continue to forecast a slight strengthening of the EUR against the CHF in the coming months. 

    In the event of a renewed rise in the recently reduced uncertainty in the global financial system (or the flare-up of any geopolitical conflicts), the Franc could strengthen sharply against the Euro at any time.

  • 09.01.2024 07:29
    EUR/CHF will stick close to 0.93 over the next three months – Rabobank

    Towards the very end of last year, the Swiss Franc (CHF) hit new recent highs against both the US Dollar (USD) and the Euro (EUR). Economists at Rabobank analyze Franc’s outlook.

    CHF could be attractive as a diversification trade

    The CHF tends to perform well when the Eurozone is under pressure. Given the stagnating German economy, the CHF could be attractive as a diversification trade.

    Our central view is that EUR/CHF will stick close to 0.93 on a 1-to-3-month view. This was recently revised down from 0.94.

1 / 2

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location