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Risk Off Returns : CHF Strongest Currently

Wed 26th July 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

  • EURCHF (Primary Focus Pair)
  • CHFJPY (Covered In Video)
  • NZDUSD (Covered In Video)
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The market sentiment has shifted overnight with risk off returning. This has caused the JPY to strengthen as well as the CHF which tops our tables as the strongest currency. 

EUR has appeared on our live forex strength vs weakness tables as a weak currency offering us opportunities on EURCHF.

However, before we look at this market it is important to note that there is an ECB rate decision tomorrow, which could affect the strength and weakness of the EUR going into tomorrow’s trading session.

That being said, the technical analysis of the forex pair suggests we could see further downside. 

Price has recently traded through a bearish pattern, trading down through key lows of 0.9600.

These lows could act as resistance for traders looking to take advantage of this forex pair. 

Sellers will look to target around the all time lows between 0.9500 and 0.9450.

Live Forex Charts - EURCHF - Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses - 26-07-23