TradeCityPro | EURCHF Analysis Rejection or Breakout?

28 нояб.

👋 Welcome to the TradeCityPro channel!
Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades.

🌍 Fundamental Overview

Euro (EUR):
Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength.

Swiss Franc (CHF):
Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability.

The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment.

⏱ 4-Hour Timeframe

The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports.

📉 Short Position Trigger:
After a rejection from the trendline, watch for a move towards the 0.92790 support.
If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866

📈 Long Position Trigger:
While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment.

potential long setup could occur after breaking the trendline and the 0.9335 resistance.
For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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