The opening price of $EURCHF this year was at 1.0376. Euro gained against the Swiss Franc for just a few weeks. This rally reached 1.06123, which is the current 2022 high. Most of the monthly candlesticks in 2022 have closed bearish, which shows the strength of the Swiss Franc.
On the weekly chart between the year 2015 and 2021, a head and shoulders was formed, which led to the price fall from May 2021 to the current price below $1. The current price of $EURCHF is at 0.95485 after reaching the lowest price level at 0.94062. The Swiss Franc has been appreciating against the Euro since 1973. Each time a rally occurs, it is countered with an aggressive bearish take over. There are indications that price could rally in the coming weeks. The rally could push price to 1.02223.
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