EURCHF Makes Signs of Trend Change


EURCHF Market Analysis – July 20

EURCHF makes signs of trend change in the market. The daily timeframe on EURCHF has been extremely bearish ever since it broke the previous support level at 1.0520 on the 15th of November 2021. Ever since this breakout, the Moving Average (MA) Cross indicated that the market has been ranging on a long-term outlook.

EURCHF Major Zones

Resistance levels: 0.9960, 1.0520
Support levels: 0.9800, 0.9660


EURCHF Long-Term Trend: Bearish

Apparently, in the month of November 2021 to January 2022, the EURCHF is seen to be ranging below the resistance level at 1.0520. The ranging market temporarily paused after the fake-out on the 3rd of February this year. Since then, the market has been unable to break the resistance level at 1.0520 and 0.9660.

On the 10th of May, 2022, the market bulls led the market to a resistance zone, which caused a change in the bullish trend at 1.0520 as bears stormed the market. After the bears stormed the market, the downtrend began after the double top pattern formed. Currently, the Relative Strength Index (RSI) indicates that the market is in an oversold region, which implies that a correction or complete change in trend is likely possible.

EURCHF Short Term Trend: Bullish

In alliance with the daily timeframe, the bullish timeframe’s direction also appears bullish as it approaches the resistance level at 0.9960. A break in this resistance will cause a break in the market structure, which will most likely cause more bulls to storm the market and drive it upward.
EURCHFThe break of the resistance at 0.9660 is likely to cause a trend change in EURCHF. The market is expected to retest upon the breakout to reach the double tops’ neckline and possibly break it upward.


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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 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.