EURCHF Price Chart, Forecast And Analysis

forex technical analysis

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 1.00224 and the resistance level is at 1.02974

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 above MA (5) but below MA (20) and MA (50).

The immediate support is 1.01370 and the resistance level is at 1.02416

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, the following opportunity can be taken if the price breaks down further:

TRADE SUGGESTION: SELL AT 1.01272, TAKE PROFIT AT 1.00222 AND STOP LOSS AT 1.01988

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