{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-finally-breaks-the-0-9840-resistance-zone-after-multiple-attempts\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-finally-breaks-the-0-9840-resistance-zone-after-multiple-attempts\/","headline":"EURCHF Finally Breaks the 0.9840 Resistance Zone After Multiple Attempts","name":"EURCHF Finally Breaks the 0.9840 Resistance Zone After Multiple Attempts","description":"Market Analysis – May 20 EURCHF bulls have just overcome a major hurdle that has delayed the market ascent beyond 0.9840 for over a month. After three attempts, the bulls successfully enforced a breakout towards 1.0000. Key Levels for EURCHF Supply Levels: 0.9840, 1.0000, 1.0080Demand Levels: 0.9700, 0.9560, 0.9470 EURCHF Long-Term Trend: Bullish EURCHF price […]","datePublished":"2024-05-21","dateModified":"2024-05-21","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\/2024\/05\/photo_2024-05-18_16-39-25-1.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/05\/photo_2024-05-18_16-39-25-1.jpg","height":567,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurchf-finally-breaks-the-0-9840-resistance-zone-after-multiple-attempts\/","about":["Article","charts","EUR\/CHF","EURCHF","Forex","Forex Strategies","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","Trade Idea","Trade Setups","Trading","Trading Mindset & Psychology"],"wordCount":200,"keywords":["Daily Chart","EUR\/CHF","EURCHF","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Market Prospect","Price Analysis","Price Chart","Technical Analysis","trading"],"articleBody":"Market Analysis – May 20EURCHF bulls have just overcome a major hurdle that has delayed the market ascent beyond 0.9840 for over a month. After three attempts, the bulls successfully enforced a breakout towards 1.0000.Key Levels for EURCHFSupply Levels: 0.9840, 1.0000, 1.0080Demand Levels: 0.9700, 0.9560, 0.9470EURCHF Long-Term Trend: BullishEURCHF price steadily swept through the supply zone since the bullish reversal was established at 0.9470. The Hull Butterfly Indicator hue turned green just as the daily candles aligned above the Williams Alligator to signal a bullish ascent. The ascent beyond the supply zone of 0.9840 it was heavily defended by sellers. Upon a testof the resistance region, the market dipped to 0.9560. The heavy shorting at the supply zone was not sufficient to establish a reversal. The market recovered quickly as the daily candles rose above the Williams Alligator in a flash.EURCHF Short-Term Trend: BullishThe Hull Butterfly Indicator shows a bullish momentum on the 4-hour chart. This correlates perfectly with the daily chart. The market is currently racing to the long-anticipated resistance zone of 1.0000.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"}