EURCHF Struggles Near 0.93 as Downtrend Persists

EURCHF continues to edge lower, now trading around 0.9296 after repeated failures to break higher through mid-October. The pair remains firmly within a descending structure, as the Swiss franc maintains strength amid broad European weakness and persistent risk aversion.

Support Levels: 0.9269, 0.9200

Resistance Levels: 0.9313, 0.9374

From a technical standpoint, the pair faces strong resistance at 0.9313 and 0.9374, while immediate support rests at 0.9269. The daily Parabolic SAR dots remain positioned above price action, validating the continuation of the broader bearish trajectory. The RSI (Relative Strenght Index) reads near 39.7, indicating mild oversold conditions but showing no immediate divergence. This shows that downside momentum remains intact, albeit slowing.

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A near-term recovery toward 0.9370 is plausible if buyers protect the current 0.9270 floor, but the broader bias continues to favour the franc unless the pair can reclaim 0.94 convincingly.  A daily close below 0.9269 could confirm a renewed bearish leg. This will pull the pair toward the 0.92 handle, a level not seen since early 2023.

The 4-hour pattern reinforces the daily view as pressure remains to the downside. Price action consolidates slightly above 0.9290, with multiple rejections at 0.9310–0.9320 keeping bulls defensive. The Parabolic SAR (Stop and Reverse) sequence mirrors this weakness, still above the candles.

The RSI curve has flattened near 42, denoting neutral momentum, but no clear buy signals have emerged. The setup implies a continuation bias unless a break above 0.9330 materialises.

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