EURCHF Technical Analysis: Weekly Chart

In the weekly 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 1.00824 and the resistance level is at 1.03338

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 below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 1.01380 and the resistance level is at 1.03283

EURCHF is trading in a downward channel until there is a trend reversal.

How to trade EURCHF this week:

EURCHF is trading within a downward channel until there is a trend reversal. However, the following opportunities can be taken:

TRADE SUGGESTION: SELL AT 1.03564, TAKE PROFIT AT 1.01242 AND STOP LOSS AT 1.05518