{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-bears-face-resistance\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-bears-face-resistance\/","headline":"EURCHF Bears Face Resistance","name":"EURCHF Bears Face Resistance","description":"EURCHF Analysis – Bears Remain Under Attack EURCHF bears face resistance as buyers launch counterattacks. The buyers have regained control and are pushing back against the onslaught of sellers in the EURCHF market. Initially, the sellers posed a significant threat, driving the price lower. However, their downward pressure could only take the price down to […]","datePublished":"2023-12-04","dateModified":"2023-12-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/V8tBdCkT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/V8tBdCkT.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurchf-bears-face-resistance\/","about":["EUR\/CHF","EURCHF","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":288,"keywords":["EURCHF","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Chart"],"articleBody":"EURCHF Analysis – Bears Remain Under AttackEURCHF bears face resistance as buyers launch counterattacks. The buyers have regained control and are pushing back against the onslaught of sellers in the EURCHF market. Initially, the sellers posed a significant threat, driving the price lower.However, their downward pressure could only take the price down to a significant level of 0.94750. Throughout the week, the sellers maintained a strong presence, but the buyers are currently making a comeback as the week comes to a close.EURCHF Key LevelsResistance Levels: 0.98600, 0.96810Support Levels: 0.94750, 0.94160Before the sell traders dominated the market this week, trades struggled to maintain balance above the 0.96030 price level. The buyers made multiple attempts to break through the 0.96810 significant level. However, the sellers eventually forced a breakthrough below the 0.96030 level, back into the overall trend line. As the week wraps up, the buyers are closing in with solid gains.Looking at the Money Flow Index (MFI), it still indicates a negative flow in the market. However, the signal line remains around the 50.00 level, suggesting a potential balance between buyers and sellers. The Moving Average crossing of the 9-day and 21-day periods signals another golden cross. This confirms a bearish setup in the long run for EURCHF.\u00a0Market ExpectationWhile the buyers may be holding the sellers back at the moment, the market remains bearish for now. In the short timeframe, the bears are being challenged to push the price lower back to where they were previously rejected. Simultaneously, the buyers are trying to maintain equilibrium in the market.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}