EURCHF Technical Analysis: Weekly Chart

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

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

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

The immediate support is at 1.01237 and the resistance level is at 1.03946

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 MA (20) and MA (50) but below MA (100).

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

The immediate support is at 1.01855 and the resistance level is at 1.02802

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 if the trend reverses:

TRADE SUGGESTION: BUY AT 1.04084, TAKE PROFIT AT 1.05978 AND STOP LOSS AT 1.02945