EURCHF Continues To Align With Prevailing Downside Macro-technical Flows

Market Analysis – November 17

EURCHF continues to align with prevailing downside macro-technical flows. The broader EURCHF structure remains decisively bearish, with price action holding beneath the descending trendline and below the short-term moving average.

Momentum readings further validate this bias, as the RSI oscillates near the lower neutral band, highlighting persistent weakness and limited bullish conviction. Collectively, these indicators suggest that recent rebounds are corrective rather than a signal of sustained directional change.

EURCHF Key Levels

Supply Levels: 0.9370, 0.9450
Demand Levels: 0.9210, 0.9150

EURCHF Long-Term Trend: Bearish

Technically, the pair recently rejected the supply-rich order-block zone around 0.9300–0.9340, where sellers re-established control and drove price back toward the mid-range supports. The inability to secure a daily close above the former structural pivot near 0.9260 reinforces the broader slowdown in buying pressure. Additionally, repeated lower highs and lower lows sustain the bearish sequence, leaving the market structurally aligned with further depreciation.

Going forward, the bearish roadmap points to a potential continuation toward the key support region at 0.9150, a level that has historically served as a liquidity zone. A decisive break below this threshold may open the way for an extended move toward sub-0.9100 territories should downside momentum accelerate. Provided that price remains capped beneath the 0.9300 barrier, the prevailing technical landscape favors sustained softness into subsequent trading sessions.

EURCHF Short-Term Trend: Bullish

EURCHF on the four-hour chart is showing early signs of bullish momentum after price reclaimed the short-term moving average. A clear break above the descending trendline signals a shift in structure, with buyers beginning to regain near-term control.

Price is stabilizing above the 0.9220–0.9210 support zone, reinforcing the likelihood of upward continuation. If momentum holds, the pair may target the 0.9320–0.9340 resistance region in the coming sessions.

Make money without lifting your fingers: Start using a world-class auto trading solution