Euro / Swiss Franc
Short
Updated

EURCHF-Approaching Major Resistance - Potential Sell Setup.

123
EUR/CHF Technical Analysis – 1H Chart


- Resistance & Supply Zone: Price is facing strong resistance around the 0.96200 level, marked as a supply zone.
- Bearish Rejection: A rejection from this zone suggests selling pressure, with potential downside movement.
- Target Levels:
- 1st Target:
0.95336
- 2nd Target: 0.94969
- Bearish Outlook: If price respects the supply zone and fails to break above resistance, a move toward the lower support levels is likely.

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Note
Price is approaching in our supply zone..
Trade active
Trade activated from resistance area.
Trade closed: target reached
snapshot

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