EUR/CHF Short Trade Analysis – February 28, 2025
Entry: 0.9375Target 1: 0.9320Target 2: 0.9275Stop Loss: 0.9410
Technical Analysis:
EUR/CHF is currently facing resistance around the 0.9380-0.9400 zone, where price has previously struggled to break higher. The pair is trading below key moving averages on the daily and H4 charts, indicating a bearish trend continuation.
Resistance Zone: The 0.9375-0.9400 area has acted as a supply zone multiple times, making it an ideal entry point for shorts.
Moving Averages: Price is hovering below the 50-day and 200-day moving averages, confirming a bearish bias.
Bearish Structure: Lower highs and lower lows have formed on the H4 timeframe, strengthening the short setup.
RSI & MACD: The RSI is near 55 and turning downward, while the MACD is showing bearish divergence, indicating weakening bullish momentum.
Fundamental Analysis:
The Swiss Franc remains strong due to safe-haven demand, while the Euro is under pressure from uncertain economic data in the Eurozone. Recent SNB policies have also favored CHF strength, making further downside likely for EUR/CHF.
Trade Plan:
Selling at 0.9375 with stops above 0.9410 to protect against a breakout.
First target at 0.9320 (previous support level), and second target at 0.9275 for a more extended move.
The Main Trend is downward
Conclusion:
The technical and fundamental setup supports a short position on EUR/CHF from 0.9375. As long as price remains below the 0.9400 resistance zone, downside pressure is expected. Traders should monitor Swiss economic data and ECB sentiment for additional confirmation.
Trade responsibly. Risk management is key.
Entry: 0.9375Target 1: 0.9320Target 2: 0.9275Stop Loss: 0.9410
Technical Analysis:
EUR/CHF is currently facing resistance around the 0.9380-0.9400 zone, where price has previously struggled to break higher. The pair is trading below key moving averages on the daily and H4 charts, indicating a bearish trend continuation.
Resistance Zone: The 0.9375-0.9400 area has acted as a supply zone multiple times, making it an ideal entry point for shorts.
Moving Averages: Price is hovering below the 50-day and 200-day moving averages, confirming a bearish bias.
Bearish Structure: Lower highs and lower lows have formed on the H4 timeframe, strengthening the short setup.
RSI & MACD: The RSI is near 55 and turning downward, while the MACD is showing bearish divergence, indicating weakening bullish momentum.
Fundamental Analysis:
The Swiss Franc remains strong due to safe-haven demand, while the Euro is under pressure from uncertain economic data in the Eurozone. Recent SNB policies have also favored CHF strength, making further downside likely for EUR/CHF.
Trade Plan:
Selling at 0.9375 with stops above 0.9410 to protect against a breakout.
First target at 0.9320 (previous support level), and second target at 0.9275 for a more extended move.
The Main Trend is downward
Conclusion:
The technical and fundamental setup supports a short position on EUR/CHF from 0.9375. As long as price remains below the 0.9400 resistance zone, downside pressure is expected. Traders should monitor Swiss economic data and ECB sentiment for additional confirmation.
Trade responsibly. Risk management is key.
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.
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.