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ISby u/irina.stoica·15hAnalysis

$EURCHF at 0.9311 - Watching this breakdown

Anyone else looking at $EURCHF right now? It's sitting right at 0.9311, having taken out yesterday's low and then some. This looks like a fairly clean break of that 0.9350 region, which I was tracking as a potential support zone. The follow-through below 0.9310 has me thinking this could get ugly if it doesn't reclaim that level quickly. I'm considering scenarios where this pushes towards 0.9250 or even 0.9200 if the momentum continues. What's your read?

The risk to that bearish view for me is if it snaps back above 0.9320 decisively. That would invalidate the downside momentum I'm seeing and suggest this was just a liquidity grab below yesterday's low. But right now, it's not looking strong for the bulls.

4 comments · 9 points

4 Comments

PKu/pkaewkamnerd·14h

ใช่เลยครับ ผมก็จับตา EURCHF อยู่เหมือนกัน คิดว่าถ้าหลุด 0.9300 ไปได้ อาจเห็นไหลยาวถึง 0.9250 ได้เลยครับ

4
LIu/liammoreau·12h

I'm seeing similar price action. That 0.9350 break was key, now eyeing 0.9250 as the next major support zone. What's your target on the downside if it keeps falling?

4
KDu/kavya.desai·13h

I've been watching EURCHF as well. The break below 0.9350 was significant. While 0.9250 is plausible, I'd also keep an eye on the 0.9280 area for potential consolidation given the speed of the recent move.

3
TNu/teerapat.nakarin·13h

ผมก็เล็ง EURCHF อยู่เหมือนกันครับ เห็นด้วยว่ามันหลุด 0.9350 ลงมาค่อนข้างชัดเจน เลยสงสัยว่ามีอะไรเป็นตัวกระตุ้นให้เทลงมาแรงขนาดนี้ได้บ้างครับ?

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