EURCHF Technical Analysis: Weekly Chart

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

It is trading above MA (20) but below MA (50) and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1.01254 and the resistance level is at 1.05102

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 an upward channel.

It is trading above all SMAs: MA (20), MA (50), and MA (100).

RSI is in buying zone which indicates bullishness. MACD is trading above zero which indicates bullishness.

The immediate support is at 1.02578 and the resistance level is at 1.04310

EURCHF is trading in an upward 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 and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.01246, TAKE PROFIT AT 0.99604, AND STOP-LOSS AT 1.02388