EURCHF Technical Analysis: Weekly Chart

In the weekly charts, EURCHF is trading in a downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 1.00220 and the resistance level is at 1.03268

EURCHF is trading in a downward channel until there is a trend reversal.

EURCHF Technical Analysis: Daily Chart

In the daily charts, EURCHF is trading in a downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 1.01162 and the resistance level is at 1.02048

EURCHF is trading in a downward channel until there is a trend reversal.

How to trade EURCHF this week:

EURCHF is trading in a downward channel until there is a trend reversal. However, if the price breaks below the downward channel, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.01068, TAKE PROFIT AT 1.00212 AND STOP LOSS AT 1.01940