EURCHF Bears Are Leading the Market to a Significant Demand Zone

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 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 12

EURCHF bears are leading the market to a significant demand zone. The downtrend motive wave began its first impulse on April 25, 2018. Currently, the market appears to be following the Elliot Wave theory, with prices moving in fractals.

EURCHF Significant Levels

Resistance levels: 1.0520, 1.0220
Support levels: 0.9780, 0.9650

EURCHF Bears Are Leading the Market to a Significant Demand Zone

EURCHF Long-Term Trend: Bullish

On the daily timeframe, wave A appears to be the longest of all the waves. Wave B began due to market reaction towards the previous support level at 1.0520. On March 4, 2021, the correction wave B ended its course as the bears took over and continued sinking the market towards a demand zone, causing price to break across the support into an oversold region as indicated by the Relative Strength Index (RSI). The market’s reaction toward the high of the daily candlestick on March 4, 2022, marked the beginning of the third wave.

The third wave, wave C, broke across the previous support level and turned it into a significant resistance level by retesting it more than once. In the fourth wave, the bulls struggled to keep the price soaring high till the resistance level was approached. The bears took over from there and drove the market down rapidly, leaving a trace of an order block along the way. The fifth wave, which is expected to be the last wave for the bears, can be seen breaking across the previous low as it drops towards the major demand zone.

EURCHF Bears Are Leading the Market to a Significant Demand Zone

EURCHF Short-term trend: Bearish

On the four-hour timeframe, the market trend appears to be a downtrend, as confirmed by the break-in structure on June 16, 2022. The market has been sinking downward and breaking every support along its way since June 9, 2022. Apparently, the market has been correcting itself in every oversold region, as indicated by the relative strength index (RSI). Until the demand zone at 0.9780 is reached, the market outlook remains bearish. The order block that appeared in the fifth wave was formed due to an imbalance in the market from the higher timeframe down to the lower timeframe. Should the demand zone at 0.9780 trigger the corrective wave A, the order block is expected to act as a breaker during the correction phase.

How To Buy Lucky Block

Note: 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
  • 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
$200 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 *