EURCHF INTRADAY bearish below 0.9430The pair is in a bearish trend, with recent price action showing a bounce (oversold rally) that was rejected near 0.9430, a key resistance level from previous consolidation.
This rejection suggests sellers are still in control.
Key Levels to Watch:
Resistance: 0.9430 (key level), then 0.9500 and 0.9600 if broken.
Support: 0.9155, followed by 0.9100 and 0.9050.
Trading Outlook:
Bearish scenario: If price fails to break above 0.9430, expect a move lower toward 0.9300, with extended downside to 0.9200 and 0.9130 over time.
Bullish scenario: A daily close above 0.9430 would invalidate the bearish view and could lead to a move toward 0.9500 and possibly 0.9600.
Conclusion: EUR/CHF remains bearish unless price breaks and holds above 0.9430. Traders may look for short opportunities below resistance or switch to a bullish bias on a confirmed breakout.
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