The EUR/CHF pair remains around 0.94, showing slight gains despite fluctuating momentum indicators.

    by VT Markets
    /
    May 19, 2025
    EUR/CHF is currently trading around 0.94, showing slight gains but keeping a neutral tone with mixed signals. Key support is found below 0.9370, while resistance is around 0.9400. The market remains within its recent trading range. On the daily chart, technical indicators offer a mixed view. The RSI is in the 50s, indicating neutrality. The MACD suggests some buying momentum, but the Awesome Oscillator and Ultimate Oscillator are close to zero, supporting a neutral stance. The moving averages present a mixed picture: the 20-day SMA indicates a buy bias, while the 100-day and 200-day SMAs signal bearishness. In the 4-hour timeframe, the outlook is slightly more positive. The 4-hour MACD is positive, and both the 10-period EMA and SMA favor an upward trend. However, the 20-period 4-hour SMA signals a sell, and the Bull Bear Power and Ultimate Oscillator are neutral. Immediate support levels are at 0.9368, 0.9366, and 0.9364. Resistance levels are at 0.9373, 0.9390, and 0.9407. Broader Fibonacci ranges indicate support from 0.9000 to 0.9200 and resistance from 0.9600 to 0.9800. Although EUR/CHF is slightly above 0.94, its movement is limited, echoing recent trading patterns without strong conviction. It feels like a tug-of-war, with buyers unable to push past resistance and sellers unable to firmly drive prices lower. Looking at the daily indicators, the market appears indecisive. The Relative Strength Index stays in the mid-50s, showing balance between demand and supply, but it hasn’t diverged enough to suggest a clear direction. The MACD suggests a slight increase in risk appetite, but support is weakened by the flat Awesome Oscillator and Ultimate Oscillator, which indicate a lack of strong directional energy. The mixed signals among the moving averages add to the uncertainty. While the 20-day SMA rises, pointing to bullish pressure, both the 100-day and 200-day SMAs pull in the opposite direction, suggesting hesitance about long-term strength. This divergence is significant and may impact sentiment for medium- to long-term traders. In the 4-hour view, the tone shifts subtly. Short-term momentum appears to improve. The positive MACD indicates potential for continued buying, and the alignment of the 10-period EMA and SMA supports a short-term upward trend. Still, the 20-period SMA appears below the current price, indicating that a clean trend isn’t evident. Neutral signals from the Bull Bear Power and Ultimate Oscillator suggest that traders are still undecided. From a levels perspective, immediate support is tightly grouped between 0.9368 and 0.9364, unlikely to hold strong if pressure increases. Resistance levels near 0.9390 and 0.9407 are close by as well, and recent low trading volume suggests these levels may be contested rather than easily broken. The broader Fibonacci ranges, extending from 0.9000 to 0.9800, serve as long-term markers. Although we’re currently trading well above the lower end, these wider ranges may attract market activity during significant shifts. For those watching implied volatility or making directional bets, it’s wise to avoid overcommitting too soon. The mixed signals across timeframes suggest that nimble strategies may be more effective than strongly directional ones. In the coming days, the focus will be on whether buyers can hold above the narrow support while testing resistance near 0.9400 enthusiastically. Until then, momentum may face interruptions from false starts and shallow pullbacks.

    here to set up a live account on VT Markets now

    see more

    Back To Top
    Chatbots