Annual Forecast for EUR/CHF (2021): EUR/CHF Expected To Fluctuate on the Downside

Azeez Mustapha
24 December 2020 | Updated: 24 December 2020

Key Resistance Levels: 1.1000, 1.1100, 1.1200
Key Support Levels: 1.0600, 1.0500, 1.0400
In 2020, the EUR/CHF pair has been in a downward move. In May, the bulls took charge as the market resumed its upward move. The pair has moved from the low of 1.0508 to 1.0871. There are chances of a further upward move in 2021.

EUR/CHF – Monthly Chart

EUR/CHF Price Prediction: Monthly Chart
In the first quarter of 2020, the pair was in a bearish trend as it fell to the oversold region of the market. In subsequent months, the euro-swiss franc has resumed trading in a bullish trend. The price is making a series of higher highs and higher lows. A trend line is drawn showing the support levels of price. The upward movement will continue as long as the trend line remains unbroken.

EUR/CHF – Weekly Chart

EUR/CHF Price Prediction: Weekly Chart
In the weekly chart, the pair fell to 1.0500 and resumed a sideways trend. The price is fluctuating between levels of 1.0500 and 1.0800. On the upside, if the price breaks above the resistance line, the uptrend will resume. The price bars are above the SMAs which suggests an upward movement of the pair.

Conclusion
The EUR/CHF is trading at 1.0835 at the time of writing. EUR/CHF is trading higher in December. Euro to Swiss Franc exchange rate increased 0.07% to 1.0833 from the previous day. In 2021, the market will continue its fluctuation on the downsides.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.