The SNB is stepping up its intervention talk, putting franc pairs like EUR/CHF back in focus.
Will that be enough to push the pair toward a key area of interest?
Here’s what we’re seeing on the daily chart:
EUR/CHF Daily Forex – Chart Faster with TradingView
In case you missed it, SNB Chairman Martin Schlegel ramped up his currency intervention talk, saying the central bank is more ready to step into the FX market. He even said the N word – negative interest rates. Looks like the SNB Chair is standing on business!
Meanwhile, mixed PMI reports from the Euro Area barely made a dent on the euro, which found some support from speculation around possible U.S.-Iran negotiations. EUR closed Tuesday in the green, only giving up pips to the U.S. dollar.
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!
EUR/CHF, which found support at the .9000 psychological level earlier this month, has broken above consolidation around .9125 and looks ready to test higher areas of interest.
We’re watching the .9200 to .9250 zone, which lines up with the 100 SMA, the 61.8% Fibonacci retracement, and a trend line resistance in place since late December.
If the pair stalls around that area and prints bearish candlesticks, we could see sellers step in and drag EUR/CHF back toward .9150, or even the .9000 lows from March.
But if risk sentiment keeps improving, or if the SNB keeps talking up intervention, then EUR/CHF may push through .9200 and make a run toward .9300 or even .9400.
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.
Promoted: The Analysis & Strategy are only half the Battle; Your Mindset is the Rest.
Today’s chart art focuses on EUR/CHF’s journey to a potential resistance zone. But as any pro will tell you, even the cleanest trend-following setup can fall apart if the trader doesn’t stay disciplined when price starts testing the level.
In “Unknown Market Wizards,” Jack Schwager interviews successful traders to reveal a common truth: their edge isn’t just knowledge or skills—it’s their psychological resilience and rigid risk control. Whether you’re navigating tariff shocks or safe haven flows into the franc, learn how the “wizards” stay clinical when the rest of the market is emotional.
Master Your Trading Mindset with the Unknown Market Wizards book on Amazon!
Disclosure: We may earn a commission from our partners if you sign up through our links, at no extra cost to you.
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.
