EUR/CHF Price Forecast: Bearish momentum grows within consolidation range

  • The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Thursday, trading near the lower boundary of its multi-week consolidation range between 0.9300 and 0.9430. At the time of writing, EUR/CHF is hovering around 0.9313, down slightly on the day and on track to post a weekly loss down slightly on the day and on track to post a weekly loss, as the cross struggles to attract meaningful buying interest amid persistent bearish momentum.