Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400
EUR/CHF Price Long-term Trend: Bearish
EUR/CHF is falling after the rejection at level 1.1100. The selling pressure will continue as the pair faces another rejection at level 1.0200. Meanwhile, on May 11 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that EUR/CHF is likely to reach the 1.618 Fibonacci extension or level 1.0841.
Daily Chart Indicators Reading:
EUR/CHF is at level 46 of the Relative Strength Index period 14. It implies that the pair is in the downtrend zone and it is below the centerline 50. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.
EUR/CHF Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downtrend. The pair corrected upward before resuming downward. Meanwhile, on May 23 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.618 Fibonacci extensions or the low of 1.0877.
4-hour Chart Indicators Reading
The moving averages are sloping downward indicating the downtrend. The market is also below the 80% range of the daily stochastic. It indicates that it is in a bearish momentum. Sellers are likely to emerge.
General Outlook for EUR/CHF
EUR/CHF pair is in a downward move. The selling pressure is likely to continue as the currency pair falls in the bearish zone.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.