EURCHF Analysis
EURCHF broke the lower high area of the Descending Triangle after a long time and also rebounded from the major support
EURCHF Update
EURCHF is consolidating at the Breakout area, which leads to the SL price. However, EURCHF still have chances to rebound from the broken the lower high area.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
Why CHF is Stronger
- Safe Haven Demand: During global problems like wars or economic crises, investors buy the Swiss Franc because Switzerland is seen as very safe and stable.
- Swiss National Bank (SNB) Policies: If Switzerland’s central bank doesn’t try to weaken its currency, or focuses on fighting inflation, it makes the CHF stronger.
- Stable Economy: Switzerland has a strong economy with industries like watches, pharmaceuticals, and banking. This supports a strong currency.
- Geopolitical Stability: Switzerland stays neutral in global conflicts, making it attractive for investors during uncertain times.
Why EURO is Weaker
- Weak Inflation Data: If Eurozone prices (CPI) are not rising much, it shows weak economic activity, and investors lose confidence in the Euro.
- Dovish ECB Policies: The European Central Bank might not raise interest rates as aggressively, making the Euro less appealing compared to other currencies.
- Economic Growth Concerns: If the Eurozone economy is growing slowly or has issues like high unemployment, the Euro becomes weaker.
- Geopolitical Risks: Political problems or debt issues in countries like Italy or Greece make the Euro less reliable for investors.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
We always want you to trade safe under all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade signals at premium or supreme plan here: forexgdp.com/buy/
+2200% + 800% +400% +150% Growth in Live Real Trading account of our users, check here: https://www.forexgdp.com/realaccounts/
