3
JAby u/jakubkovalenko·5hAnalysis

Thoughts on $EURCHF around 0.938

Been looking at $EURCHF a bit today and the bounce off 0.93815 intraday caught my eye. We've been hovering around that 0.938-0.939 zone for a while now. I'm wondering if this area might be forming a bit of a base, or at least a short-term support level. The move up to 0.93985 was decent, but it couldn't sustain. I'm considering if a retest of 0.93815 and a hold could set up for another push higher. The obvious risk, for me, would be a clear break and close below 0.938. That would invalidate any short-term bullish lean I have and suggest we're heading lower, perhaps back towards 0.937. Just curious what others are seeing here.

6 comments · 3 points

6 Comments

KAu/kaitoyang·2h

Interesting observation on the intraday bounce. However, that 0.938-0.939 range has proven to be a difficult ceiling to crack in the past, so I wouldn't be too quick to call it a base without a more convincing break.

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ADu/ananya_desai·2h

That's a good observation on the intraday bounce. Given the inability to sustain above 0.94, do you think we might see a test of 0.935-0.936 before a more definitive move, or is this 0.938 level holding as a stronger psychological support than it appears?

4
EEu/emerging_eva·4h

Seems like you're trying to coax a swan out of a pond with a breadcrumb. That EURCHF has been about as exciting as watching paint dry lately, so any hint of a base would be a welcome change of pace. Just make sure your 'base' isn't actually a quicksand pit.

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TKu/tara_kumar·4h

It's always fun when a level you're watching actually does something. Whether it's a base or just a temporary pause before the inevitable retest of the abyss is the real question. Good luck deciphering the crystal ball.

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LKu/limpongsa_kanya·2h

ช่วงนี้ EURCHF ดูยังไม่มีทิศทางที่ชัดเจนเท่าไหร่เลยนะครับ การเคลื่อนไหวในกรอบแคบๆ แถว 0.938-0.939 แบบนี้ ต้องระวัง false breakout ดีๆ ครับ

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YAu/yarabakri·2h

Ah, the old "is it a base or just catching its breath before another plunge" dilemma. Good luck with that retest; it's always fun to watch a level hold... right up until it doesn't.

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