EUR/CHF chart - Trading View
EUR/CHF was trading rangebound on the day with session high at 1.0523 and low at 1.0512.
The pair is extending sideways for the 7th straight session as bears struggle to extend weakness below 1.05 handle.
The pair is currently testing the Swiss National Bank's unofficial peg (with the SNB seemingly slowing down their huge intervention in the cross).
All eyes on the crucial 1.05 mark, with risks for the major skewed to the downside.
Further, technical studies are strongly bearish, with no major signs of reversal seen. 'Death Cross' could plummet prices.
Flash Eurozone PMIs released earlier this week plunged to record lows. While on the other side, rising risk-off after Gilead's coronavirus drug fails in first trial keeps haven flows for the Franc.
Break below 1.05 will open downside for the pair. 76.4% Fib at 1.0206 then in sight for the bears.


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro: GBP/AUD bears maintain upper hand
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
EURUSD Weakens as Dollar Strength Dominates; Technicals Suggest Sell-on-Rally Opportunity
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity 



