. EURCHF Technical Analysis, Trade Signals and Tips - Capital Street Fx

EURCHF Technical Analysis, Trade Signals and Tips

03 Jun 2022

EURCHF Technical Analysis: Weekly Chart

EURCHF Technical Analysis

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 1.01764 and the resistance level is at 1.04742

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 within a rectangle.

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 1.02272 and the resistance level is at 1.03508

EURCHF is trading within a rectangle until there is a breakout or a breakdown.

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 1.01620, TAKE PROFIT AT 0.99676, AND STOP-LOSS AT 1.02974