Refer a friend

The EURCHF price could be heading back to parity as the EURO continues to strengthen.

Watch the video to learn more…

EURCHF Analysis

The price of EURCHF could head towards parity again as the EURO continues to strengthen ahead of the ECB rate decision. The ECB is expected to raise interest rates to 2.00% this week which is a rise of 75bps. If they do this and outline further hikes we could see the EURCHF price trade up to parity. The Swiss Franc has also weakened recently helping the EURCHF price trade higher. 

EURCHF

Looking at the monthly chart we can see that the price is in a downward trend but in a retracement phase. This leads to a bullish upward trend forming on the lower time frames. The daily chart shows the price forming an inverse head and shoulders pattern which also shows that the price could trade higher. The 4hr time frame will be key for breakout traders as the price looks to be breaking into new highs which could offer long opportunities for traders looking to be long in this market.

Did you see our Week Ahead Analysis? You can see it here.

Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.

Join us on Telegram
and get real-time
alerts on
Forex,
Indices, Gold, Crypto
and Share CFDs

Join now for free
telegram cta
bbjam graphic

Sign up to
Blueberry Jam

Back up your trade positions with insights
and how-to-guides, straight to your
inbox every week

Thank you. You have successfully subscribed to Blueberry Jam!