Until the SNB intervenes to support the Swiss franc, there is still room for the Swiss franc to depreciate against the euro in the near future. The euro rose about 5% against the Swiss franc from the low in September, which may be driven by the reduction of European energy supply risks. However, the Swiss Central Bank policymakers have not commented too much on the weakening of the Swiss franc so far. The Swiss franc has not yet fully reversed its gains, which may explain why the SNB can still hold its ground. This means that EURUSF still has some upside potential until the SNB may "start to feel unhappy about the development of events".
USDCHF Daily Chart
The daily chart shows that the short-term exchange rate continues to decline, the MACD turns up and down on the 0 axis and the volume can continue to shrink, the RSI continues to weaken, and the short-term exchange rate is expected to further decline.
Empty turning point: 0.9800
Pressing position: 1.0000 1.0200
Support position: 0.9600 0.9400
Trading strategy: bullish above 0.9800, target 1.0000, 1.0200
Alternative strategy: bearish below 0.9800, target 0.9600, 0.9400