Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Market Analysis – September 18
EURCHF price movement potential impact might be a bullish trend. EURCHF price has experienced a significant decline after breaking its previous structure. This downward movement started in early June 2022 and continued until late September 2022. Following this final leg, the price began a notable pullback that persisted throughout April.
EURCHF Key Levels
Demand Levels: 0.94000, 0.92000, 0.90000
Supply Levels: 0.98500, 1.01000, 1.05000
EURCHF Long-Term Trend: Bearish
EURCHF price movement shattered its structure in early June, suffering a sharp and substantial loss when it failed to surpass the 1.05000 level. Subsequently, the price started rising but encountered resistance around the 1.01000 mark.
I
However, the price trend passed through a significant change in mid-May when it established a lower low after reaching the 1.01000 level. This indicated a resumption of the initial bearish trend, suggesting that the retracement had concluded.
EURCHF Short-Term Trend: Bullish
Despite the overall bearish nature of the price, there is a possibility of a bullish move. The failed low suggests that the bearish trend is temporarily pausing in the form of a retracement.
I
Furthermore, the price being above the moving average indicates a tendency towards bullishness. Currently, the price is undergoing a pullback to gather liquidity, which will potentially fuel its downward drive towards the 0.94000 barrier.
I
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
9.8
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
9
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
9.8
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
9
Learn to Trade
Never Miss A Trade Again
step 1
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
step 2
Get Alerts
Immediate alerts to your email and mobile phone.
step 3
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
