EURCHF long move
In the four-hour chart of EURCHF, the market is currently exhibiting a bullish momentum or uptrend. However, it is expected that the price will encounter the first resistance and then continue the recent upward move.
Key levels:
The first resistance level in the market is at 0.94518, where there is a likelihood of sellers entering around this price level. The second resistance level is at 0.95448, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for EURCHF is at 0.92925, which can potentially limit downward movements. The second support level is positioned at 0.92529.
Key levels:
The first resistance level in the market is at 0.94518, where there is a likelihood of sellers entering around this price level. The second resistance level is at 0.95448, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for EURCHF is at 0.92925, which can potentially limit downward movements. The second support level is positioned at 0.92529.
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