EURCHF Signals Bullish Continuation After Trendline Breakout Confirmation

Market Analysis – November 10

EURCHF signals bullish continuation after trendline breakout confirmation. The overall sentiment in EURCHF reflects a growing bullish bias as price action rebounds from a critical support base near $0.92100.

The recent upward momentum aligns with improving technical indicators — the Relative Strength Index (RSI) is positioned around 55, reflecting increasing buying strength, while the price holds above the 9-day Simple Moving Average (SMA), confirming short-term trend recovery. This confluence indicates renewed investor confidence and a possible continuation of upside momentum following a period of correction.

EURCHF Key Levels

Supply Levels: 0.9370, 0.9450
Demand Levels: 0.9210, 0.9150

EURCHF Long-Term Trend: Bullish

Technically, the pair has broken above a descending trendline that previously capped bullish attempts, marking an early structural shift in market direction. The green arrow around $0.92100 highlights a strong rejection zone, suggesting the presence of institutional demand at lower levels. Consecutive bullish candles and higher lows further reinforce the notion of sustained accumulation, as the price now challenges the resistance area between $0.93500 and $0.93730, an important pivot for the next leg upward.

Looking ahead, EURCHF is expected to sustain its bullish trajectory as long as it maintains support above $0.92860. The next potential target for buyers lies near $0.94450, where moderate profit-taking could emerge before any extended rally toward $0.95810. Overall, the market setup suggests that momentum remains in favor of buyers, with any short-term retracement likely to serve as a launchpad for further upward expansion.

EURCHF Short-Term Trend: Bullish

EURCHF maintains a bullish outlook on the four-hour chart as price action holds above the key support region around $0.92680. The recent higher lows and sustained trading above the 9-period SMA indicate strong underlying momentum.

RSI remains near 58, confirming healthy buying pressure in line with the prevailing uptrend. A clear breakout above the descending trendline could propel price toward the next resistance at $0.93780.

Make money without lifting your fingers: Start using a world-class auto trading solution