EURCHF Will Move Lower! Short!
Please, check our technical outlook for EURCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.968.
The above observations make me that the market will inevitably achieve 0.963 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCHF trade ideas
Shorting EURCHF
Looking at the economic value of the company EURCHF it's should be able to make 160pips in the future, through my financial valuation analysis on the price action.
The company EURCHF was built by an activist investor in the weekend when the making was closed, this tells that activist can see the economic value of the pair EURCHF,
the accounting records shown on the price account for the company EURCHF is not not leading to the direction on its economic growth..
So I'm, entrusting the activist investor in make adjustments to the company EURCHF director , because there is a new developing opportunity in the CHF sector developing at the moment.
EUR/CHF may fall 14 - 29 pipsPivot
0.9685
Our preference
Short positions below 0.9685 with targets at 0.9660 & 0.9645 in extension.
Alternative scenario
Above 0.9685 look for further upside with 0.9705 & 0.9720 as targets.
Comment
As long as 0.9685 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
0.9720
0.9705
0.9685
0.9674 Last
0.9660
0.9645
0.9635
Number of asterisks represents the strength of support and resistance levels.
EUR/CHF ShortContext:
• Monthly Rejection confirmed
• Weekly build a RBD with FVGs
• Daily consolidated for 3 days below Swing Low and left that base
Idea:
• Short on 4h-Supply
Entry Area:
• 0.9642 - 0.9670
Entry Signal:
Two options
• LMT on 4h Supply
• Reversal on lower timeframe like 1h
Stop:
• Above Supply or entry setup
Target:
• 0.9565 (last bullish montly candle low)
Scenario invalidated:
• Bullish Reversal into breakout-Range, i.e. above 0.967
• If we build up momentum and create another base → would be new scneraio
Please feel free to comment!
EURCHF Is Bearish! Sell!
Please, check our technical outlook for EURCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.968.
The above observations make me that the market will inevitably achieve 0.965 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EURCHF:Key Level and Political RisksHello Traders,
In today's trading session, we're closely monitoring EUR/CHF for a potential selling opportunity around the 0.96500 zone. The pair had been in an uptrend but recently broke out of it and is now in a correction phase. It is approaching the 0.96500 area, which serves as both a support and resistance level.
Adding to the EUR's challenges, the recent EU parliamentary elections in France resulted in a significant majority for a far-right candidate, historically known for advocating France's exit from the EU. This outcome is detrimental to the EUR. Additionally, President Macron has called for an early French election, which exacerbates political instability and poses further risks to the EUR.
Trade safe, Joe.
EUR/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
We are now examining the EUR/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.978 level.
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EURCHF Is A BuyReasons why we are bullish for EURCHF:
in the target area there is a large offset between the closing and opening price of an M5 candle. The markets usually work through these zones.
on June 6, 2024, the market recovered at the 0.786% retracement, consolidating the recovery that had begun in recent days. At the same time, the retracement was exactly on a bullish order block (M5 to M15), which also gained in relevance as a result of the successful retest.
the CumulativeVolumeDelta (Monthly) shows a hidden bullish divergence
as interest rate cuts become more likely but the economy remains relatively strong, the Swiss franc is less in demand as a safe haven