EURCHF Bearish Continuation or will it change ?

FX:EURCHF   Euro / Swiss Franc
21 0

-> Possible to move lower if we break 1.06350 price area.
-> Possible triple bottem forming if we hold 1.06350

Bearish Perspective: Need to see a clear break of the 1.06350 price area, followed by a valid bounce and retest of this price area. CHF shows upcoming strenght at multiple currency pairs.

Bullish Perspective: Need to close above 1.06350 price area. Followed by a clear 4-Hour intra-day trendline break and retest.

Watching this closely upcoming week.

Safe trading.
Comment: Quick Update:

- The market failed to close below 1.06350 key support.
- The market broke out of the descending trendline, confirming bullish strenght and a possible change in trend. If the market can stay and hold above the 50 EMA, there is a high chance that we will move higher towards the 200 EMA.
- As long the market stays above the trendline & the keylevels 1.6850/1.7000 I am definitely bullish.

Quick tip: try to look at multiple currency pairs to get the right picture of one currency, for example: In this case, try to look at how the EURO is doing and the CHF against multiple currencies.

Safe trading. Just sharing my opinion.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out