{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-bulls-reclaim-the-market-control-after-a-three-month-slump\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-bulls-reclaim-the-market-control-after-a-three-month-slump\/","headline":"EURCHF Bulls Reclaim The Market Control After a Three-Month Slump","name":"EURCHF Bulls Reclaim The Market Control After a Three-Month Slump","description":"EURCHF Analysis – The Bulls Reclaim The Market Control After a Three-Month Slump From the Daily Trendline EURCHF bulls reclaim the market control after a three-month slump from the daily trendline. EURCHF has been bearish for a long time. The bearish trendline began its course on the 12th of August, 2021, at an overbought region […]","datePublished":"2022-09-02","dateModified":"2022-09-02","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\/2022\/09\/2ECD.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/2ECD.png","height":778,"width":1888},"url":"https:\/\/forexschoolonline.com\/eurchf-bulls-reclaim-the-market-control-after-a-three-month-slump\/","about":["EUR\/CHF","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Trade Idea"],"wordCount":381,"keywords":["Daily Chart","EURCHF","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","Price Action","Price Analysis","Price Chart","Technical Analysis","Trade idea"],"articleBody":"EURCHF Analysis – The Bulls Reclaim The Market Control After a Three-Month Slump From the Daily TrendlineEURCHF bulls reclaim the market control after a three-month slump from the daily trendline. EURCHF has been bearish for a long time. The bearish trendline began its course on the 12th of August, 2021, at an overbought region as indicated by the Stochastic RSI indicator. The market kept crashing downward until March 7, 2022.EURCHF Significant ZonesSupply Zones: 0.9970, 1.0220Demand Zones: 0.9800, 0.9550After the successful rejection of the market to the downside at the previous demand zone of 0.9970 on the 7th of March, 2022, the bulls gained control of the market as they rallied the price up towards the daily trendline. On the 28th of April, the previous demand zone at 1.0220 was used to reject the price upward. Due to the selling pressure at the daily trendline and the buying pressure at the previous demand zone at 1.0220, prices there was consolidation between the two major levels until a breakout to the downside by a marubozu bearish candlestick on the 16th of June, 2022.The action of the Simple Moving Average (SMA) further confirmed the sudden change in the market environment to the downside. As the market crossed below the 1.0220 level, the bears stormed the market and crashed the price further to the downside. After the sudden market crash, bulls took control of the market and broke the market structure to the upside as the Stochastic RSI indicator revealed with the bullish divergence that the market was about to change its market environment to an uptrend. The market might run up through the liquidity between the 0.9970 resistance level and one of the previous daily highs below it, till the daily trendline is reached.Market ExpectationThe four-hour time frame appears to be controlled by the EURCHF bulls due to the change in the environment that led to the breakout from the four-hour trendline. Currently, the bulls have successfully taken liquidity above the 0.9800 level into the daily Fair Value Gap (FVG). The market is expected to retrace downward into the four-hour fair value gap or a discount below the 50% retracement level.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."}