EURCHF trade ideas
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.
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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
Price extended, potential retracementAnalysis: Price can be seen as extended can we can look to trade against the current trend. Since price is not over extended, risk adverse participants should only initiate a smaller position.
Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
EUR CHF - Short set upEven though there is bullish divergence on 1H TF. The price hasn't followed up well. Assuming still this as bearish flag and price is consolidating before another leg down I will keep my sell stop / entry below the bear flag pole. 0.96695
Entry - 0.96695
Stoploss - 0.97225
TP-1 - 0.96154
TP-2 - 0.95619
DeGRAM | EURCHF retest of supportEURCHF is moving in a descending channel between the trend lines.
The chart has reached the lower boundary of the channel.
The price is above the support level.
We expect a rebound to the 50% retracement level of the last bearish impulse after retesting the support level.
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EUR-CHF Bearish Breakout! Sell!
Hello,Traders!
EUR-CHF broke the support
Cluster of the rising and
Horizontal support lines
Around 0.9727 and the
Breakout is confirmed
So as the pair is going
Down we will be expecting
A further fall down
Sell!
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EUR/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
EUR-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.979 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/CHF pair.
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EUR/CHF ShortRejection Monthly, iFVG on W. "Bullish" prev. Day low broken. 4h all bear FVGs respected. If 4h-Close below prev day low: Short around 0.977, look for lower timeframe entry for propper CRV - or Stop above 4h-Candle about 0.9792. First Target 0.973, 2nd 0.969, runner (very long run) 0.9565
The franc recovered its lost ground, sending EURCHF lowerThe Swiss National Bank's departing Chairman, Thomas Jordan, believes that a weaker Swiss franc could affect inflation. His remarks led to the franc gaining strength and the EUR/CHF exchange rate dropping. The SNB was the first major central bank to cut interest rates in March, causing the franc to depreciate. However, this depreciation halted in May with the emergence of an evening star pattern.
Currently, the EUR/CHF pair is biased towards a decline and has broken below the 50-day simple moving average (SMA). The next points of interest are the channel support, followed by 0.9694 and the 200 SMA at 0.9565.