EURCHF at Key Support Zone
The EURCHF pair has tested a major support zone for the fourth time since December 2023.
This level also marks the lowest price, but rather than reflecting CHF strength, the movement seems to be driven by intervention from the Swiss National Bank (SNB).
While some analysts suggest a safe-haven shift to CHF due to the Trade War, the sharp drop in GBPCHF—despite GBP's overall strength—raises doubts about this theory.
If this support holds, EURCHF could rebound towards key resistance levels: 0.9355, 0.9425, 0.9485, 0.9545, and 0.9600.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The EURCHF pair has tested a major support zone for the fourth time since December 2023.
This level also marks the lowest price, but rather than reflecting CHF strength, the movement seems to be driven by intervention from the Swiss National Bank (SNB).
While some analysts suggest a safe-haven shift to CHF due to the Trade War, the sharp drop in GBPCHF—despite GBP's overall strength—raises doubts about this theory.
If this support holds, EURCHF could rebound towards key resistance levels: 0.9355, 0.9425, 0.9485, 0.9545, and 0.9600.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
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✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.