Currency Trading – EURCHF Technical Analysis, Price Chart and News

Currency Trading – EURCHF Technical Analysis, Price Chart and News

EURCHF Technical Analysis

EURCHF Technical Analysis: Weekly Chart

EURCHF Technical Analysis

In the weekly charts, EURCHF is trading in an upward channel.

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

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

The immediate support is at 1.02945 and the resistance level is at 1.05860

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

EURCHF Technical Analysis: Daily Chart

EURCHF Technical Analysis

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 currently trading above zero which indicates bullishness.

The immediate support is at 1.03508 and the resistance level is at 1.04886

EURCHF is trading in an 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: BUY AT 1.06066, TAKE PROFIT AT 1.08098, AND STOP-LOSS AT 1.04505

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