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 range-bound movement. The market is fluctuating between level 1.0750 and 1.0850. The sideways trend has been ongoing since July. A bullish trend line is drawn showing the support levels of the market. The price is rising and approaching level 1.0793.
Daily Chart Indicators Reading:
The pair is at level 54 of the Relative Strength Index period 14. It implies that the market is in the sideways movement and above the centerline 50. The 50-day SMA and 21-day SMA are sloping horizontally. It indicates the sideways trend.
EUR/CHF Medium-term Trend: Bullish
On the 4-hour chart, the pair is now on a downward move. A green candle tested the 78.6 % Fibonacci retracement level. It indicates that the pair will fall and reach the 1.272 Fibonacci extension level. That is the low of 1.0759.
4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping sideways indicating the previous trend. The pair is below the 50% range of the daily stochastic. It indicates that the market is in a bearish momentum.
General Outlook for EUR/CHF
EUR/CHF is in a sideways move but has resumed a downward move. The pair is facing rejection at level 1.0820 as it resumes a downward move. According to the Fibonacci tool analysis, EUR/CHF is likely to reach a low of 1.0759.
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
- Min Deposit
- Score
- Visit Broker
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
- Zero commissions and no bank fees on transactions
- Around the clock service with support in 14 languages
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
