EUR/CHF reached a new peak, the highest in almost seven months, after a fresh acceleration on Tuesday and Wednesday that extended the broader uptrend.
The Swiss franc is being squeezed by persistently low interest rates, with market speculation that the SNB could maintain a zero‑rate stance through the end of 2027, further weighing on the currency.
Buyers surged past the 50% retracement of the 0.9661‑0.8978 decline, marking a fourth straight week of gains and a second consecutive monthly advance; a reversal pattern — specifically a bullish failure swing — has emerged on the monthly chart, indicating that the rally from the multi‑year low of 0.8977 is gaining momentum.
Daily technical studies are fully bullish, though overbought stochastic and momentum gauges have softened into a sideways reading, hinting that the upward push may pause for consolidation before resuming toward the 0.9400 level (roughly 61.8% Fibonacci and the weekly Ichimoku cloud ceiling).
Previous resistance around the 0.9270‑0.9280 band (seen in June and July) reinforced by an ascending 10‑day moving average should act as a cushion for pullbacks, while immediate support is likely near 0.9244‑0.9238 (the 20‑day moving average and the 38.2% Fibonacci level).
Res: 0.9342; 0.9400; 0.9445; 0.9500
Sup: 0.9303; 0.9266; 0.9244; 0.9211
