2026-01-09 02:28:00
EUR/CHF made a couple of failed attempts to break below the .9280 area and is now completing a double bottom pattern.
Can it break above the neckline next? Or will it see another dip back to the lows?
Better keep your eyes on this resistance zone currently being tested!
After staging a steady decline during the last couple of weeks of 2025, EUR/CHF appears to be stabilizing above the .9280 support zone to form a classic reversal chart pattern.
Net positive data from the eurozone seem to be propping the shared currency higher so far this week, taking the pair up to the neckline around .9320.
Does it have enough bullish energy for a breakout?
Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your homework on the euro and the Swiss franc, then it’s time to check out the economic calendar and stay updated on daily fundamental news!
The pair is holding steady above near-term support at R1 (.9310) and forming what looks like a bullish flag continuation pattern. This suggests that a break higher could take it up to the next upside targets at R2 (.9330) then R3 (.9350) which lines up with a minor psychological ceiling.
Note that EUR/CHF is trading safely above both moving averages to signal that buyers have the upper hand, although the indicators are oscillating to reflect rangebound behavior at the moment.
Just be sure to keep an eye out for reversal candlesticks hinting that resistance could hold, possibly sending EUR/CHF back down to the lows near S1 (.9270) or lower.
Whichever bias you end up trading, don’t forget to practice proper risk management and stay aware of top-tier catalysts that could influence overall market sentiment!
Disclaimer:
Please be aware that the technical analysis content provided herein is for informational and educational purposes only. It should not be construed as trading advice or a suggestion of any specific directional bias. Technical analysis is just one aspect of a comprehensive trading strategy. The technical setups discussed are intended to highlight potential areas of interest that other traders may be observing. Ultimately, all trading decisions, risk management strategies, and their resulting outcomes are the sole responsibility of each individual trader. Please trade responsibly.
