📉 EURCHF: Historical Downtrend, but a Major Support in Play! 🔍
The euro against the Swiss franc has been in a long-standing downtrend, something no one can really deny.
➡️ So yes, we are clearly in a macro bearish trend.
However, here’s what’s interesting: Since January 2024, the market has formed a key support zone around 0.9200, and we are right on it now.
🔹 From a macro perspective, the euro seems to be quietly resisting the "Trump effect", at least on the surface.
🔹 On the H1 chart, the trend is still bearish, but… we can spot a slowdown in selling pressure and a discreet appearance of buyers.
📌 We still need to wait for clear confirmations before jumping in.
💬 What’s your take on EURCHF? Opportunity or trap? Good luck out there!
The euro against the Swiss franc has been in a long-standing downtrend, something no one can really deny.
➡️ So yes, we are clearly in a macro bearish trend.
However, here’s what’s interesting: Since January 2024, the market has formed a key support zone around 0.9200, and we are right on it now.
🔹 From a macro perspective, the euro seems to be quietly resisting the "Trump effect", at least on the surface.
🔹 On the H1 chart, the trend is still bearish, but… we can spot a slowdown in selling pressure and a discreet appearance of buyers.
📌 We still need to wait for clear confirmations before jumping in.
💬 What’s your take on EURCHF? Opportunity or trap? Good luck out there!
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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.