2026-10-24 Readings lean neutral
EUR/CHF Pushes Higher on the Day but Remains in a 4-Hour Downtrend
The EUR/CHF pair is trading at 0.92422, showing a modest 0.43% gain over the last 24 hours. While the short-term 1-hour structure points up, the broader 4-hour trend remains down. The pair has already used 107% of its average daily range, suggesting limited room for further expansion today.
Trend and momentum
The 4-hour trend structure is down, but the 1-hour trend is up, indicating a short-term bounce within a larger bearish context. Momentum is mixed, with the 1-hour RSI at 63.26 showing some strength, while the 4-hour RSI sits neutral at 49.9. The 1-hour Bollinger Bands are inside with no squeeze, and the pair has exhausted 107% of its average daily range, meaning volatility may slow down for the rest of the session.
Key levels
Key levels to watch include today's high at 0.92444 and the previous day's high (PDH) at 0.92638. A break above these could open the door to the 4-hour high at 0.9287 and last week's high (PWH) at 0.93349. On the downside, support lies at the previous day's low (PDL) of 0.91954, which aligns closely with today's low and the 4-hour low at 0.91953. A drop below this zone could expose last week's low (PWL) at 0.92248.
News and events this week
This week, the European Central Bank (ECB) rate decision is a major event for the euro, alongside German retail sales and various PMI data releases. For the Swiss franc, the Swiss National Bank (SNB) recently left its policy rate unchanged at 0%, noting a willingness to intervene in the foreign exchange market if necessary. Traders will also monitor the Procure.ch Manufacturing PMI for Switzerland.
What would push it higher
If EUR/CHF can break and hold above the previous day's high of 0.92638, it could signal a shift in the 4-hour trend structure and attract more buyers.
What would push it lower
If the pair fails to sustain its short-term momentum and drops below the 0.91953 support zone, the broader 4-hour downtrend could resume.
The engine has no open signal on this pair. Today's signals →