Should we keep an eye on the Swiss franc’s upward momentum as it continues to hit new highs?

Should we keep an eye on the Swiss franc’s upward momentum as it continues to hit new highs?

10.07.2025

In the previous day's U.S. currency trading, the U.S. dollar traded in a tight range against the euro.The EUR/USD pair traded between 1.1689 and 1.1729. Price action remained confined to the area around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is showing minor fluctuations between the 75-period and 20-period MAs, while on the daily chart, the RSI has fallen from 75 to 61. Following a pullback from the +2σ level of the Bollinger Bands, the pair is currently searching for direction.

Among European currencies, the Swiss franc strengthened during U.S. trading hours. The CHF/JPY pair rose from 183.704 to 184.560, trading near the 20-period moving average on the hourly chart.On the 4-hour chart, the pair continues to trade with support from the 10-period moving average. On the daily chart, it has risen for three consecutive days. However, since the daily RSI has surged to 81, we should remain cautious as we monitor whether a pullback occurs during European trading hours.

Today’s economic indicators include the UK RICS House Price Index at 8:01, Japan’s Domestic Corporate Goods Price Index and Japan’s Foreign and Domestic Securities Investment at 8:50, Germany’s Consumer Price Index at 15:00, South Africa’s Manufacturing Output at 20:00, U.S. Initial Jobless Claims at 21:30, and U.S. Musalem:St. Louis Fed President Musalem, 11:30 PM: US Weekly Natural Gas Inventories, 2:00 AM: US 30-Year Treasury Auction, and 2:15 AM: US Fed Governor Waller’s remarks. We will be watching for further upside potential in the Swiss franc, which continues to hit new highs.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed