EURCHF Gaps Below Major Swing Low

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.

L2T Algo

TELEGRAM

RESULTS

Market Analysis: July 31

EURCHF has recently undergone a significant bearish breakout, plummeting below the crucial equal lows of 0.9670. This rapid and forceful downward movement created a fair value gap, underscoring the strong selling pressure in the market.

EURCHF Key Levels

Demand Levels: 0.9520, 0.9500, 0.9520
Supply Levels: 0.9630, 0.9650, 0.9670

EURCHF Long-term Trend: Bearish

EURCHF is currently bearish. The market witnessed the formation of a swing low, triggering a retracement. However, this retracement was cut short by a sharp gap down below the swing low, emphasizing the overwhelming bearish pressure.

The presence of the Parabolic SAR points above the daily candles further confirms the bearish sentiment. Additionally, the MACD (Moving Average Convergence and Divergence) indicator also signals bearishness, aligning with the overall downtrend.

EURCHF Short-term Trend: Bearish

The  4-hour chart depicts a bearish market structure, with the price rallying into the bearish order block following the last bearish distribution. Despite this, the MACD shows a surprisingly bullish trend, indicating a retracement in progress. To optimize entry for short positions, it would be prudent to wait for the MACD to become overbought and align with the bearish stance seen in higher time frames.

Considering the analysis, it is reasonable to expect that the price will decline further towards the next significant institutional level at 0.9500. In conclusion, EURCHF’s recent bearish breakout below a major swing low signals strong selling pressure in the market. Both long-term and short-term trends indicate a bearish outlook, and traders should carefully observe key levels and technical indicators to assess potential short positions. A potential target for the bearish movement lies at the next institutional level at 0.9500.

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

9.8

Trade Now

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$250 Min Deposit

9.8

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$50 Min Deposit

9

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now