EURCHF Resolves Downward; Bulls Prepare for a Rebound

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


EURCHF Price Analysis: March 22

EURCHF resolves downward with bulls ready for a pick near the 1.01810 significant level. The market has begun to show bulls’ exposure and is now phasing a lag in price downward. Therefore, the market resolves back to the significant 1.01810 level in price as the buyers plan to pick up strength from this critical point. When the bulls’ sentiment takes hold of the price’s influence near the 1.01810 critical level, the price will bounce to the 1.06020 significant level.


EURCHF Key Levels

Resistance Levels: 1.9520, 1.6020
Support Levels: 1.01810, 0.99710

EURCHF Resolves Downward; Bulls Prepare for a Rebound EURCHF Long Term Trend: Bullish

The bearish exposure in the market came into alignment after the price briefly consolidated between the levels of 1.09520 and 1.06020, a significant level in price. The sellers broke down from these levels as the price resolves downward. EURCHF price dropped significantly in the market as the bearish momentum increased. On the other hand, the price rose to a significant level of 1.06020 before the bears took over again.

Furthermore, the price resolves downward, breaking through the 1.01810 and 0.99710 significant levels in the market. After the bearish playdown, the bulls changed the price trend in the market. The buyers now seek to resolve the price tendency upward in the market. The bulls already broke through the 1.01810 level significantly and are ready to retest this level before continuation. The Stochastic Oscillator shows that the price is moving in the direction of the sellers. This means that the price will fall back to the 1.01810 significant level. Therefore, the price is expected to pick up momentum from the 1.01810 level as the market moves in a more bullish direction.

EURCHF Resolves Downward; Bulls Prepare for a Rebound EURCHF Short Term Trend: Bearish

On the 4-hour chart, the market is currently operating in a sell phase. However, the bearish term will end when the price eventually arrives at 1.01810 for a retest in price. The buyers, therefore, look forward to price distribution moving upward in the market. The Parabolic SAR (Stop and Reverse) indicator shows price following a bearish order, and the stochastic confirms that the bearish trend is almost over. Therefore, a request is expected for the price to be distributed back to the 1.06020 significant level.

How To Buy Lucky Block 

Note: Learn2.trade 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
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
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.