EURCHF Buyers Seize Control of the Market

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 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.


EURCHF Analysis – October 4

EURCHF Buyers have seized control of the market. This is yet another attempt by the buyers to bring the price back up to a respectable key level. This is not the first time trying to pump the market. However, this attempt seems different simply because the current pair has been driven deep into an oversold region and the price is set to spring upward from there.

EURCHF Critical Levels

Supply Zone: 0.98360, 0.99869, 1.01010

Demand Zone: 0.94000, 0.96140, 0.97200

Eurchf Buyers Seize Control of the Market

EURCHF Long-Term Trend: Bullish

The sellers have plunged into the market right from the beginning of the year till this month. Despite their best efforts, the general bearish trend could not be altered. Notable is the intrusion of the bearish trend from March to June by the bulls, only for the sellers to continue plunging the market immediately after the disturbance was done away with. Eventually, this led to the fall of EURCHF to a new market low at 0.96580.

Bulls are building up from that level and have invited many investors into the market. EURCHF is now pushing strongly upwards. The MA Cross (Moving Average) lines are about to cross each other upward. This will confirm the bullish orientation of the market. The RSI (Relative Strength Index) line is trying again to push to the overbought zone, something it has not done since mid March.

Eurchf Buyers Seize Control of the Market

EURCHF Short-Term Trend: Bullish

On the 4-hours chart, EURCHF is depicted as about to break the neckline of a double bottom bullish chart formation. Breaking the neckline will give the currency pair more impetus to surge further upward and regain some price levels before meeting another resistance level. The RSI line has risen to the border of the overbought region, and likewise, the MA Cross has crossed upward.

You can purchase Lucky Block here.  Buy LBLOCK

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
$200 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 *