EURCHF Price Ascends into Bearish Order Block

Market Analysis – June 28

The EURCHF market trend in the 24-hour timeframe is distinctly bearish. However, the pullback within this downtrend has created a strong bullish market structure in the 4-hour timeframe. Synchronizing both timeframes is essential to establish the best forex signals for optimal entry points.

EURCHF Key Levels

• Demand Levels: 0.9500, 0.9400, 0.9300
• Supply Levels: 0.9700, 1.0000, 1.0040

EURCHF Long-Term Trend: Bearish

The market structure of EURCHF on the daily chart remains bearish. The Relative Strength Index (RSI) on the daily chart indicates an ascent in price, signifying a pullback within the bearish trend rather than a trend reversal.

The Smoothed Heikin Ashi Candles currently dominate the daily candles with a red hue, reflecting a price decline. The current price remains below the last bearish order block high and the swing high, indicating a sustained bearish structure.

EURCHF Short-Term Trend: Bullish

On the lower timeframe (4-hour chart), the market has formed higher highs and lows, indicating a bullish trend. It is crucial to wait for a market structure shift on the lower timeframe before shorting the market against the previous major low. This approach ensures alignment with the broader bearish trend while capitalizing on short-term bullish movements.

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