EURCHF Price Action Forecast: Is a Bearish Double Top Signaling a Major Drop?

Key takeaways:

1. EUR/CHF remains in a clear higher-timeframe bearish trend.
2. Price is forming a potential double top on the weekly chart.
3. The daily chart has shifted from bullish to bearish after breaking below consolidation.
4. A bearish break-and-retest setup offers the highest-probability trading opportunity while the overall trend remains bearish.

What is the current technical price action on EUR/CHF telling us?

Weekly chart

Weelky Chart Price Action Analysis

On the weekly timeframe, EUR/CHF is clearly in a bearish trend, price action shows that it is forming a potential double top indicating that is forming for a potential massive sell

Here is what I notice on AUD/CHF weekly timeframe:

1. Market structure is clear bearish trend.
2. Price is rejecting at a potential weekly resistance level
3. 50 EMA indicator act as a double confirmation it acted as a secondary resistance and market trend indicator
4. A potential double top pattern is forming.
5. Bearish rejection candlesticks at a potential lower high structure

Daily chart

Daily Chart Price Action Analysis

Daily Chart Observations:

1. Daily market structure has recently shifted from bullish to bearish
2. Price broke out of the consolidation, confirming for a potential bearish continuation.
3. Price broke below a key support level, which potentially act as a resistance
4. The 50 EMA in the daily chart could potentially act as a secondary resistance
5. Retesting a the neckline of a daily head & shoulder pattern

Want to master how to identify market trends and confirming valid key levels?

Check out these blogs:

1. A Guide to Master a Price Action Strategy That Works in Any Market: Complete Guide on How to Trade with Market Structure + Support & Resistance (Step-by-Step)

What is the best approach on EUR/CHF current price action?

EUR/CHF is currently showing signs of breakout on a consolidation. A bearish break and retest setup would be the ideal strategy for the current price action, as it already confirms the breakout of support level

Want to learn more about the break and retest setups? Check out these blogs:

1. Break and Retest: A Simple Repetitive Price Action Pattern?
2. Break and Retest: How to Capitalize Repetitive Patterns in Trading?
3. EUR/JPY Price Action: Is It Retesting a Reversal Pattern?

Bullish scenario

Daily Chart Price Action Analysis. Bullish Bias Anticipation

Bullish momentum could occur in EUR /CHF if:

1. If price break and retest weekly resistance level at 0.92260 – 0.92600
2. Proper breakout of both weekly and daily resistance level
3. Confirm bullish rejection signals after the retest before considering continuation to the upside

Trade idea:

1. Target price or profit at 0.93000
2. Stop-loss placed below potential support zone (once weekly resistance is broken then it could now potentially act as a support level)

Note: This bullish trade idea on EUR/CHF is considered a low-probability setup since it did not align with the overall higher timeframe trend.

Want to learn more how to confirm a proper candlestick confirmation and find and how to find high-probability setups? Check out these blogs:

1. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis
2. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?

Bearish scenario

Daily Chart Price Action Analysis. Bearish Bias Anticipation

Bearish momentum could occur in EUR/CHF if:

1. If price properly retest daily resistance level 0.91930 - 0.92105
2. Confirm a bearish candle stick confirmation at daily resistance zone

Trade Idea:

1. Target Price or take profit at 0.91600
2. Stop-loss placed above potential resistance zone

Note: This bearish trade idea on EUR/CHF is considered a high-probability setup since it does align with the overall bearish trend of the market.

Correlated setup: Why EUR/CHF & AUD/CHF has the same move?

If you want to see the full break down and setup of AUD/CHF, checkout this blog;

AUD/CHF Forex Price Action Idea: Are Sellers Defending the 0.56504–0.56200 Key Level?

AUD/CHF

AUD/CHF Daily Chart Price Action Analysis

EUR/CHF

EUR/CHF Daily Chart Price Action Analysis

EUR/CHF and AUD/CHF are positively correlated because both include the Swiss Franc (CHF). If CHF strengthens, both pairs often move lower, making AUD/CHF a useful pair to monitor for additional bearish confirmation.

If you want to know on how correlated pair works, checkout this previous live trading session

Final Take

EUR/CHF remains bearish across the weekly and daily timeframes. The potential double top, break below consolidation, and retest of resistance all favor a bearish continuation.

Wait for bearish price action confirmation around 0.91930–0.92105 before considering short opportunities.

Always to remember:

To follow your risk management plan!

Now you already have a potential trade idea on EUR/CHF that is potentially setting up this week or next week then,

Your next step is:

1. To know trader’s beginner steps before your trade
2. Mastering your psychology
3. Mastering the simple price action strategy
4. Mastering Repetitive Patterns in Trading
5. Trading live using this simple price action strategy

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Disclaimer:

Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. July 3, 2026