"Key Support Alert! EUR/CHF Set for a Potential Rally"

Aug 28

🔹 EUR/CHF Technical Analysis (1H Chart)

1. Current Market Structure

Price is consolidating near 0.9330 after a recent bearish move. The pair has tested the support level at 0.9320 – 0.9330, which has acted as a strong demand zone in previous sessions. Buyers have stepped in here multiple times, suggesting potential bullish interest.

2. Key Support Zone

Level: 0.9320 – 0.9330
This zone is critical for bulls to maintain control. If the price holds above this level, we could expect a bullish reversal. A breakdown below it, however, would indicate weakness and open the door for further downside.

3. Immediate Resistance Levels

* First Resistance: 0.9360
This is the initial barrier that price must break to confirm bullish momentum.
* Major Resistance (Final Target Area): 0.9390 – 0.9400
This is the top of the previous consolidation range and a strong supply zone where sellers are likely to re-enter the market.

4. Potential Scenarios

* Bullish Scenario: If price holds above 0.9330 and breaks 0.9360, expect a move toward 0.9390 – 0.9400.
* Bearish Scenario: A clear break below 0.9320 could push the pair lower toward the next demand zone.

5. Market Outlook & Bias

* Bias: Short-term bullish above 0.9330, targeting 0.9360 and then 0.9400.
* Invalidation: Break below 0.9320.

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Aug 28

Trade active

Aug 28

Note

1st target hit, set BE

Sep 2

Trade closed: target reached