___________________ Technical Analysis of EUR/CHF __________________________
Harmonic Pattern Analysis:
EUR/CHF has recently formed an XABCD harmonic pattern, indicating a potential reversal in the current trend. This pattern has manifested itself alongside the key resistance area, suggesting a significant level where bearish pressure may intensify.
Entry...
Here is our detailed technical review for EURCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.968.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.975 level soon.
P.S
The term oversold refers to a...
Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break...
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EURCHF has exhibited bullish momentum, surging by over 500 pips and breaking above the downtrend trendline. Nonetheless, we anticipate a retracement towards the support level.
Price is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry:0.97417
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.97917
Why we like it:
There is an overlap resistance...
Hello,Traders!
EUR-CHF has retested the
Strong horizontal support
Level of 0.9681 from where
We are already seeing a
Bullish rebound and
As we are bullish biased
We will be expecting
A further move up
Buy!
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Check out other forecasts below too!
The EUR/CHF pair experienced a sharp decline, yet found resilience at 0.9680, marking a significant support level. This support has sparked a rebound, indicating a reversal in direction. As momentum builds, the trajectory suggests an imminent move upwards towards the target of 0.9801. It's an opportune moment to consider a long position, capitalizing on the upward...
I am going long on EurChf as it is bouncing off a support zone and has broken the resistance trend line on 1HR. My setup will be invalid if it breaks the previous support zone
Hello,Friends!
The BB lower band is nearby so EUR-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.983.
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✅EUR_CHF fell down sharply
But a strong support level was hit at 0.9680
Thus as a rebound is already happening
A move up towards the target shall follow at 0.9749
LONG🚀
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OANDA:EURCHF is showing weakness in its recent bullish rally. It has broken the last Higher Low of uptrend along with violation of strong ascending trendline. It may retrace towards fib 50-75% levels before continuing it's down trend, that's where we can look for short opportunities
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.98191
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CHF exchange rates
----------------EURCHF SHORT----------------
Although it seems like EURCHF currency pair had their first impulse leg to the upside on weekly timeframe I expect a correction from current zone on the daily timeframe. One more push to the upside it possible and after that we might see at least a pullback or a complex correction before it continues to the north. I...
Fundamentals & Sentiment
EUR:
The euro has been strong compared to the franc as a lot of bad news for the Eurozone has already been priced in. There are already many bears on board supposedly unwinding their shorts, while the economic conditions in the EU are improving. Arguably, for the first time, the ECB started explicitly expressing possible rate cuts, while...
