EUR/CHF Is in a Sideways Move, Faces Rejection at Level 1.1100

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400

EUR/CHF Price Long-term Trend: Ranging
EUR/CHF is in a sideways move. After the rejection at level 1.1150, the market fell to level 1.1000 since March 16. Today, the pair is still fluctuating between levels 1.1000 and 1.1100. Yesterday, the pair tested the resistance at 1.1100 and fell to the support of the 21-day SMA. The market is rising upward.

Daily Chart Indicators Reading:
The pair has risen to level 55 of the Relative Strength Index period 14. It implies that the market is in the uptrend zone. The currency pair is now trading above the moving averages which indicates a possible rise in price. The SMAs are sloping upward indicating the uptrend.

EUR/CHF – Daily Chart

EUR/CHF Medium-term Trend: Ranging
On the 4-hour chart, the market is range-bound between levels 1.1100 and 1.1150. The market fell to the low of 1.1049 and resumed upward. The current upward move is approaching the resistance at level 1.1100. If the pair breaks the resistance, the market will resume an uptrend. Otherwise, the range-bound move will continue.

EUR/CHF – 3 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping horizontally indicating the sideways trend. The pair is also above the 40% range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for EUR/CHF
Presently, the EUR/CHF pair is in a range-bound movement since March. The pair will trend if the range-bound levels are breached. Presently, the upward move is facing resistance at 21-day SMA.


You can purchase crypto coins here: Buy Coins


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *