Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
SNB Won't Let EUR/CHF Fall

SNB Won't Let EUR/CHF Fall

Information is not investment advice

What happened?

It looks like the decline in EUR/CHF to 1.07 has got the attention of the Swiss National Bank (SNB). An increase in sight deposits by over 1 billion CHF in the past two weeks suggests that intervention has resumed. SNB’s goal is to avoid CHF strengthening. That is why if EUR/CHF drops down to 1.05, SNB will intervene.

At the moment, EUR/CHF correlates with EUR/USD. If EUR gets weaker as Federal Reserve tightens monetary policy, it will create issues for SNB.

According to experts’ opinion, EUR/CHF is going to consolidate between 1.05 and 1.1 in the middle-term perspective.

Technical analyses

4H Chart

EURCHFH4.png

EUR/CHF dropped to its 1,072-support driven by the strong impulse. At the moment, a pullback to the 1,075 level is expected. If the price breaks through, the next target will be 1.079. On the other hand, if the pair breaks through 1,072, the next support levels will be 1,068 and 1,063.

LOG IN

Similar

How Will Tapering Affect FAANG Stocks?

Investors in popular FAANG stocks have enjoyed a great run over the last year as a combination of super-low interest rates from the Federal Reserve and high growth from the individual tech companies has made an easy bull case…

Popular

Carnival is Leaving the Dock!

On Thursday, September 23, shares of Carnival had jumped a solid 3% after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year. So what? Read the article to find out!

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later