EUR/CHF looks ghastly - Great for the Swiss Franc thoughTechnically, EUR/CHF has broken lower from an inverse cup and handle formation, confirming a continuation of the downtrend. The pair remains below both the 20-day and 200-day moving averages — signaling strong bearish momentum with a projected target near 0.8782.
Fundamental reasons for downside:
🇨🇭 Safe-haven demand: Investors turning to the Swiss franc amid global uncertainty.
💶 Weak Eurozone outlook: Sluggish growth and declining business confidence weighing on the euro.
🏦 ECB dovish stance: Softer monetary policy compared to the SNB keeps pressure on EUR.
📉 Falling inflation expectations: Reduced need for tightening in the Eurozone adds to euro weakness.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
