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.


FxWirePro- Woodies pivot (Major)
Wall Street Analysts Weigh in on Latest NFP Data
Stock Futures Dip as Investors Await Key Payrolls Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: USD/CNY hits one –month high, scope for further upside
FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
US Gas Market Poised for Supercycle: Bernstein Analysts
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
Aussie-Yen Trapped Below 113: Sell the Bounce as Bears Reload for a Run at 110
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 



