EURCHF Consolidates Below Key Demand Level 

Market Analysis – December 11

EURCHF has decisively broken below the critical demand level of 0.93390, signalling a potential continuation of the long-term bearish trend. However, the price action has turned increasingly choppy, with daily candles consolidating sideways between the broken demand zone and the next significant demand level at 0.92790. This price action reflects a market caught in a tug-of-war between sellers attempting to extend the bearish move and buyers seeking to establish a temporary floor.

EURCHF Key Levels

• Demand Levels: 0.92770, 0.92080, 0.91190
• Supply Levels: 0.93390, 0.94500, 0.95810

EURCHF Long-Term Trend: Bearish

The long-term trend remains bearish, as evidenced by the formation of lower highs and a break below 0.92770. However, the downward momentum has weakened considerably. Since September, sellers have faced persistent challenges. The break of the support level of 0.92770 was only successful after multiple tests.

The momentum indicator reinforces this view, currently showing a neutral reading around 0, suggesting an absence of strong selling pressure. This stagnation has been a major factor contributing to the sideways price action observed in daily candlesticks.

EURCHF Short-Term Trend: Ranging

EURCHF displays erratic price action on lower timeframes with no clearly defined range boundaries. The recent sweeps of both the last major high and low on the 4-hour chart emphasize the market’s indecision. Although the broader outlook remains bearish, the short-term lack of volatility and directionality makes it challenging to identify clear trend-following opportunities.

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