EURCHF long move
In the four-hour chart of EURCHF, the market is currently exhibiting a bullish momentum or uptrend. However, it is expected that the price will encounter the first resistance and then continue the recent upward move.
Key levels:
The first resistance level in the market is at 0.94518, where there is a likelihood of sellers entering around this price level. The second resistance level is at 0.95448, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for EURCHF is at 0.92925, which can potentially limit downward movements. The second support level is positioned at 0.92529.
Key levels:
The first resistance level in the market is at 0.94518, where there is a likelihood of sellers entering around this price level. The second resistance level is at 0.95448, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for EURCHF is at 0.92925, which can potentially limit downward movements. The second support level is positioned at 0.92529.
Disclaimer
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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.