Market Sentiment: The EUR/CHF currency pair remains in a bearish trend, with the broader price action reflecting sustained downside momentum. The key level to watch is 0.9420, which previously acted as a consolidation zone and now serves as a pivotal resistance level.
Bearish Scenario:
If EUR/CHF remains below 0.9420 and faces rejection, the downtrend is likely to resume. A failure to break higher could lead to a continuation of the bearish move, with downside targets at:
0.9336 – Initial support, where short-term buyers may attempt to stabilize the price.
0.9300 – A stronger support level, signaling further weakness if breached.
0.9280 – A critical longer-term support zone, where a deeper bearish extension may unfold.
Bullish Scenario:
A decisive breakout above 0.9420, confirmed by a daily close above this level, could invalidate the bearish bias. In this case, upside targets include:
0.9454 – The next resistance level, where some selling pressure may re-emerge.
0.9472 – A stronger resistance zone that could cap further gains unless a sustained bullish trend develops.
Conclusion:
The 0.9420 level remains the key pivot point. A failure to break above it would reinforce the bearish trend, targeting further downside levels. Conversely, a confirmed breakout above this resistance could shift sentiment, opening the door for a bullish recovery. Traders should closely watch price action around this level for directional confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bearish Scenario:
If EUR/CHF remains below 0.9420 and faces rejection, the downtrend is likely to resume. A failure to break higher could lead to a continuation of the bearish move, with downside targets at:
0.9336 – Initial support, where short-term buyers may attempt to stabilize the price.
0.9300 – A stronger support level, signaling further weakness if breached.
0.9280 – A critical longer-term support zone, where a deeper bearish extension may unfold.
Bullish Scenario:
A decisive breakout above 0.9420, confirmed by a daily close above this level, could invalidate the bearish bias. In this case, upside targets include:
0.9454 – The next resistance level, where some selling pressure may re-emerge.
0.9472 – A stronger resistance zone that could cap further gains unless a sustained bullish trend develops.
Conclusion:
The 0.9420 level remains the key pivot point. A failure to break above it would reinforce the bearish trend, targeting further downside levels. Conversely, a confirmed breakout above this resistance could shift sentiment, opening the door for a bullish recovery. Traders should closely watch price action around this level for directional confirmation.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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.