EURCHF Technical Analysis: Weekly Chart

In the weekly charts, EURCHF is trading in an upward 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 trading below zero which indicates bearishness.

The immediate support is at 1.01678 and the resistance level is at 1.04594

EURCHF is trading in an upward channel until there is a trend reversal.

EURCHF Technical Analysis: Daily Chart

In the daily charts, EURCHF is trading below its previous upward channel.

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

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

The immediate support is at 1.02080 and the resistance level is at 1.03298

EURCHF is trading below and outside its previous upward channel until there is a trend reversal.

How to trade EURCHF this week:

EURCHF is trading in an upward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.01590, TAKE PROFIT AT 1.00236, AND STOP-LOSS AT 1.02562