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EUR/CHF is trading near the 0.9400 level, showing a bearish bias with slight declines.
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Momentum indicators are mixed, though longer-term averages continue to favor selling pressure.
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Critical support is positioned around 0.9360, while resistance levels are near 0.9370 and 0.9380.
On Thursday, the EUR/CHF cross trades near the 0.9400 level, maintaining a bearish tone as it approaches the lower boundary of its daily range. The pair faces continued selling pressure as traders weigh mixed technical signals, indicating further downside risks despite some short-term bullish momentum.
Technically, the Relative Strength Index (RSI) remains in the mid-40s, reflecting neutral momentum. The Moving Average Convergence Divergence (MACD) shows ongoing buy momentum, offering a short-term counterbalance to the overall bearish trend. Meanwhile, the Stochastic %K (14, 3, 3) sits in the 60s, indicating a balanced outlook, and the Commodity Channel Index (20) also hovers in the 40s, confirming the mixed momentum environment. The Average Directional Index (ADX) at around 14 suggests a weak trend, emphasizing the uncertain directional bias.
The moving averages paint a clearer bearish picture: the 100-day and 200-day Simple Moving Averages (SMAs) align with the 10-day and 30-day Exponential Moving Averages (EMAs), signaling persistent selling pressure. This combination indicates that the broader trend remains tilted to the downside, despite the 20-day SMA hinting at a potential short-term rebound.
Key support levels are identified at 0.9360, followed by deeper support near 0.9353 and 0.9348. On the upside, resistance is expected around 0.9370, with stronger barriers at 0.9375 and 0.9380, which may cap near-term gains.
Overall, EUR/CHF remains pressured near daily lows, with mixed technical indicators suggesting cautious trading amid a predominantly bearish trend.
Daily Chart
