The EURCHF remains in a bearish trend, with recent price action showing signs of continued selling pressure within the broader trend.
Resistance Zone: 0.9300 – a key level from previous consolidation. Price is currently capped by this level.
A bearish rebound from 0.9300 would confirm ongoing downside momentum, with potential targets at:
0.9270 - Initial support
0.9260 – minor support
0.9250 – stronger support and potential demand zone
Bullish Scenario:
A confirmed rebound and daily close above 0.9300 would weaken the bearish outlook and suggest upside risk toward:
0.9320 – psychological and structural level
0.9330 – extended resistance on the longer-term chart
Outlook:
Bearish bias remains intact while the EURCHF holds below 0.9300. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Resistance Zone: 0.9300 – a key level from previous consolidation. Price is currently capped by this level.
A bearish rebound from 0.9300 would confirm ongoing downside momentum, with potential targets at:
0.9270 - Initial support
0.9260 – minor support
0.9250 – stronger support and potential demand zone
Bullish Scenario:
A confirmed rebound and daily close above 0.9300 would weaken the bearish outlook and suggest upside risk toward:
0.9320 – psychological and structural level
0.9330 – extended resistance on the longer-term chart
Outlook:
Bearish bias remains intact while the EURCHF holds below 0.9300. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.