EURCHF Bearish Breakout Confirms Reversal

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



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

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


The L2T Algo provides highly profitable signals with minimal risk.


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


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


79% Success rate. Our outcomes will excite you.


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


Monthly subscriptions begin at £58.

Market Analysis – July 11

EURCHF has recently undergone a significant bearish breakout, confirming the presence of a double-top pattern. The neckline of the chart pattern has been breached, signaling a shift in market sentiment from bullish to bearish.

Previously, there was hope for a bullish reversal, but the upward momentum was short-lived as bearish forces regained control. This break below the neckline shows a stronger bearish bias in the market.

Key Levels For EURCHF:

Demand Levels: 0.9680, 0.9740, 0.9640
Supply Levels: 0.9820, 0.9860, 0.9900

EURCHF Bearish Breakout Confirms ReversalLong-Term Trend For EURCHF: Bearish

Technical indicators further support the downward direction. The Moving Averages, specifically the nine and twenty-one periods, have crossed above the daily candles, revealing a shift toward a bearish sentiment.

Moreover, the MACD (Moving Average Convergence Divergence) has crossed above the Zero mark, providing a clear indication of a selloff in progress. The decisive downward movement, marked by an impulsive expansion, has revealed the dominant direction of the market. The price is now driving towards the demand level of 0.9700, serving as the next significant target for bearish traders.

EURCHF Bearish Breakout Confirms ReversalEURCHF Short-Term Trend: Bearish

In summary, the market experienced a bearish breakout, confirming the presence of a double-top pattern. The breach of the neckline indicates a shift in market sentiment to the downside. Technical indicators, including the Moving Averages and the MACD, further support the bearish outlook. As the price continues its downward movement, the next target for bearish traders lies at the demand level of 0.9700.

Do you want to take your trading to the next level? Join the best platform for that here 

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

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 *