EURCHF breaks trend support and overall bullish structure. The rising dollar is putting negative pressure on the forex marketsThe fundamental background for the Eurozone is extremely negative due to Trump's policy and the US in general, especially when it comes to the tariff war. The dollar is strengthening, which generally creates a negative background for the markets.
Technically, after breaking the support of the uptrend, the bears are confirming their dominance by keeping the price in the selling zone.
Resistance levels: 0.93807, 0.94179
Support levels: 0.93299, 0.92945
A retest of the reversal zone 0.9400 is possible, but at the moment we can focus our attention on 0.93800. Consolidation of the price under this level will provoke further sell-offs.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.