EURCHF is trading above the previous breakout zone near 0.9396–0.9400, confirming a shift toward bullish structure. Price action shows a clean breakout from consolidation, aiming for the 0.9485–0.9546 resistance zones next, supported by strong momentum.
Support Zone: 0.9385–0.9400 (previous resistance turned support)
Immediate Resistance: 0.9485 (61.8% Fib level)
Target Zones:
TP1: 0.9485 (61.8% Fib retracement)
TP2: 0.9545 (78.6% Fib retracement)
Risk Level: Stop-loss below 0.9380 for protection.
✅ Bullish Factors:
Bullish break above mid-range structure and retesting successfully
Clean bullish market structure and higher lows developing
50% Fibonacci retracement break supports further upside momentum
Weak CHF fundamentals due to global risk appetite and cautious SNB stance
🧠 Fundamental Insights:
ECB Outlook:
ECB is heading toward a "complex June meeting" with Klaas Knot warning that while short-term tariffs may suppress inflation, long-term risks are two-sided.
Despite likely rate cuts, the ECB remains cautious due to trade war uncertainty and global pressures.
Eurozone Risks:
Upcoming GDP and CPI reports expected to show sluggish growth and cooling inflation, which could limit upside for EUR in medium term.
CHF Fundamentals:
Market sentiment favors risk assets, weakening the traditional safe-haven CHF.
No aggressive SNB tightening expected soon.
Recent Headlines:
US Treasury Sec Bessent highlights European concerns about Euro strength.
Weaker CHF amid global calm and stable financial markets.
📌 Trading Plan:
Bias: Bullish while holding above 0.9400
Entry: On dips near 0.9415–0.9420
Target 1: 0.9485
Target 2: 0.9545
Stop-loss: Below 0.9380
⚠️ Watch:
If EUR zone GDP or CPI disappoints heavily this week, expect sharp pullback risk.
A drop back below 0.9380 would invalidate the bullish breakout scenario.
Support Zone: 0.9385–0.9400 (previous resistance turned support)
Immediate Resistance: 0.9485 (61.8% Fib level)
Target Zones:
TP1: 0.9485 (61.8% Fib retracement)
TP2: 0.9545 (78.6% Fib retracement)
Risk Level: Stop-loss below 0.9380 for protection.
✅ Bullish Factors:
Bullish break above mid-range structure and retesting successfully
Clean bullish market structure and higher lows developing
50% Fibonacci retracement break supports further upside momentum
Weak CHF fundamentals due to global risk appetite and cautious SNB stance
🧠 Fundamental Insights:
ECB Outlook:
ECB is heading toward a "complex June meeting" with Klaas Knot warning that while short-term tariffs may suppress inflation, long-term risks are two-sided.
Despite likely rate cuts, the ECB remains cautious due to trade war uncertainty and global pressures.
Eurozone Risks:
Upcoming GDP and CPI reports expected to show sluggish growth and cooling inflation, which could limit upside for EUR in medium term.
CHF Fundamentals:
Market sentiment favors risk assets, weakening the traditional safe-haven CHF.
No aggressive SNB tightening expected soon.
Recent Headlines:
US Treasury Sec Bessent highlights European concerns about Euro strength.
Weaker CHF amid global calm and stable financial markets.
📌 Trading Plan:
Bias: Bullish while holding above 0.9400
Entry: On dips near 0.9415–0.9420
Target 1: 0.9485
Target 2: 0.9545
Stop-loss: Below 0.9380
⚠️ Watch:
If EUR zone GDP or CPI disappoints heavily this week, expect sharp pullback risk.
A drop back below 0.9380 would invalidate the bullish breakout scenario.
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📈Forex Telegram Alerts
🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
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🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
⤵️‼️Join us on Telegram‼️⤵️
📱Telegram:➡️ t.me/ultreos_forex
Get VIP - ultreosforex.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.