. Forex News - EURCHF Technical Analysis - 06 October 2022

Forex News – EURCHF Technical Analysis – 06 October 2022

Forex News – EURCHF Technical Analysis – 06 October 2022

EURCHF Technical Analysis

EURCHF Technical Analysis: Weekly Chart

In the weekly charts, EURCHF is trading in a down channel. EURCHF is currently trading below all SMA except MA (5).

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

Its immediate support is 0.96900 the resistance level is at 0.97300

EURCHF will trade in a down channel until there is trend reversal.

EURCHF Technical Analysis: Daily Chart

In the daily charts, EURCHF was trading in a down channel. EURCHF is currently trading above all SMA except MA (5)

RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.

Its immediate support is 0.96700 the resistance level is at 0.97400

EURCHF was traded in a down channel before there is a breakout upside.  

How to Trade EURCHF this Week:

EURCHF will follow the downtrend until its trend reversal. So, remain bearish on EURCHF.

TRADE SUGGESTION- SELL AT 0.97060, TAKE PROFIT AT 0.96800 AND STOP LOSS AT 0.97300

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