EURCHF tests parity. The price has not been below 1.0000 since January 2015

The EURCHF EUR/CHF EUR/CHF is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the Swiss franc of Switzerland (code CHF). The pair’s rate indicates how many Swiss francs are needed in order to purchase one euro. For example, when the EUR/CHF is trading at 1.1000, it means 1 euro is equivalent to 1.1 Swiss francs. The euro (EUR) is the world’s second most traded currency, while the Swiss franc (CHF) is the world’s sixth most traded currency, resulting in a com EUR/CHF is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the Swiss franc of Switzerland (code CHF). The pair’s rate indicates how many Swiss francs are needed in order to purchase one euro. For example, when the EUR/CHF is trading at 1.1000, it means 1 euro is equivalent to 1.1 Swiss francs. The euro (EUR) is the world’s second most traded currency, while the Swiss franc (CHF) is the world’s sixth most traded currency, resulting in a com Read this Term has continued its run to the downside as investor exit the EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term and buy the relative safety of the CHF. The pair has reached a low 1.0019 and in the process is getting closer and closer to parity. The EURCHF has not traded below parity since January 2015.

The move has gotten the attention of the Swiss economy minister who says the move of the CHF close to parity is a concern. The SNB may look to curb the decline through intervention.

Drilling to the 5-minute chart below, the move lower over the last two trading days has seen the pair track mostly below the 100 bar MA on the 5 minute chart (blue line). There have been modest moves above that MA line, but the price over the last two days has stayed safely away from that MA level (green line) - keeping the seller in control and the trend intact.

Today, the pair accelerated the move to the downside. The last trend leg lower moved from 1.0125 to 1.00196. The 38.2%-50% retracement of that trend leg is between 1.0060 and 1.00726 (see yellow area in the chart below). The falling 100 bar MA is at 1.0084 currently.

It would now take a move above the retracement levels to give the buyers some form of "victory" in its battle with the sellers. Absent that, and the buyers are NOT winning. The trend remains.

Ultimately a move above the 100 bar MA would be needed to give more comfort.