EUR/CHF remains in an overall uptrend, but the latest price action is showing signs of exhaustion after reaching a major resistance zone around 0.9312–0.9315. Price has failed to make a sustained breakout and is now forming a potential lower high.
Technical Analysis
Strong Resistance: Price is rejecting the upper supply zone near 0.9312, where sellers have repeatedly entered.
Change of Character (CHoCH): The chart shows multiple CHoCH signals, suggesting bullish momentum is weakening.
Rising Channel Breakdown: Price has already broken below the ascending channel, indicating the previous bullish structure is no longer intact.
Liquidity Sweep: The recent push above previous highs appears to have swept liquidity before reversing, a common smart-money bearish setup.
Ichimoku Cloud: Price is hovering around the cloud resistance, and failure to hold above it favors further downside.
Bearish Scenario
A rejection below 0.9312 increases the probability of a decline toward:
First Target: 0.9297 (cloud support)
Second Target: 0.9280 (strong low/support)
Final Target: 0.9262–0.9265 (highlighted demand zone)
This aligns with the projected bearish move shown on the chart.
Invalidation
The bearish outlook becomes invalid if buyers achieve a strong close above 0.9315 and maintain price above that resistance. Such a breakout could resume the broader uptrend.
Trading Plan
Bias: Bearish
Entry: Wait for bearish confirmation or rejection around 0.9310–0.9313
Stop Loss: Above 0.9315
Take Profit 1: 0.9297
Take Profit 2: 0.9280
Take Profit 3: 0.9262
Overall Bias: The chart favors a short-term bearish correction after a liquidity grab at resistance. Unless buyers reclaim and hold above 0.9315, sellers have the advantage toward the 0.9260 demand zone.
Technical Analysis
Strong Resistance: Price is rejecting the upper supply zone near 0.9312, where sellers have repeatedly entered.
Change of Character (CHoCH): The chart shows multiple CHoCH signals, suggesting bullish momentum is weakening.
Rising Channel Breakdown: Price has already broken below the ascending channel, indicating the previous bullish structure is no longer intact.
Liquidity Sweep: The recent push above previous highs appears to have swept liquidity before reversing, a common smart-money bearish setup.
Ichimoku Cloud: Price is hovering around the cloud resistance, and failure to hold above it favors further downside.
Bearish Scenario
A rejection below 0.9312 increases the probability of a decline toward:
First Target: 0.9297 (cloud support)
Second Target: 0.9280 (strong low/support)
Final Target: 0.9262–0.9265 (highlighted demand zone)
This aligns with the projected bearish move shown on the chart.
Invalidation
The bearish outlook becomes invalid if buyers achieve a strong close above 0.9315 and maintain price above that resistance. Such a breakout could resume the broader uptrend.
Trading Plan
Bias: Bearish
Entry: Wait for bearish confirmation or rejection around 0.9310–0.9313
Stop Loss: Above 0.9315
Take Profit 1: 0.9297
Take Profit 2: 0.9280
Take Profit 3: 0.9262
Overall Bias: The chart favors a short-term bearish correction after a liquidity grab at resistance. Unless buyers reclaim and hold above 0.9315, sellers have the advantage toward the 0.9260 demand zone.
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Click the 🌐Icon to join our telegram channel 📊 Daily XAUUSD(Gold) &Forex Market Analysis 💯Key Levels🎯 Focused on Risk Management ❤️🔥
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Charts Tell The Story📊.
t.me/Trade_With_Alixza99
t.me/PRICEACTIONFOREX007
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.