{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-has-resumed-its-bearish-trend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-has-resumed-its-bearish-trend\/","headline":"EURCHF Has Resumed Its Bearish Trend","name":"EURCHF Has Resumed Its Bearish Trend","description":"EURCHF Analysis – The Market Has Resumed Its Bearish Trend on EURCHF EURCHF has resumed a bearish trend after a long-term consolidation. The bears have broken the demand level at $1.010 and reached $0.980. EURCHF Major Levels Resistance levels: $1.090, $1.050 Support levels: $1.010, $0.980EURCHF market reached its yearly high the previous year during March. […]","datePublished":"2022-07-24","dateModified":"2022-07-24","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\/07\/EURCHF-1Day-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/07\/EURCHF-1Day-3.png","height":729,"width":1622},"url":"https:\/\/forexschoolonline.com\/eurchf-has-resumed-its-bearish-trend\/","about":["Article","EUR\/CHF","Forex Strategies","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":306,"keywords":["Daily Chart","EURCHF","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Analysis","Trade idea"],"articleBody":"EURCHF Analysis – The Market Has Resumed Its Bearish Trend on EURCHFEURCHF has resumed a bearish trend after a long-term consolidation. The bears have broken the demand level at $1.010 and reached $0.980.EURCHF Major Levels Resistance levels: $1.090, $1.050Support levels: $1.010, $0.980EURCHF market reached its yearly high the previous year during March. The market rallied above the $1.090 supply level. The Stochastic indicator revealed the market was already overbought. This led to a bearish market reversal during the month of March. The market initiated a bearish trend. The market dropped consistently for the rest of the year. The current year started with a bullish retracement, which seemed to be a change in the market direction. The daily candles pressed upon the upper Bollinger band. This was followed by a bearish impulse that lasted for several days on EURCHF’s market. The price fell further to $1.010. The bearish impulse was paused at the major demand level of $1.010. The market rose to $1.050, where the bulls faced resistance. The market consolidated from March to June between the resistance level at $1.050 and the support level at $1.010. In June, the market was oversold, as seen on the Stochastic. The daily candles pressed on the upper band of the Bollinger, which led to a breakout below $1.010. The successful breakout has caused a continuation of the bearish trend.Market ExpectationEURCHF market is currently oversold on the four-hour chart as well as the daily chart. The market has shown a bullish reaction at the $0.980 support level. The support level was aligned with the lower border of the descending channel. This is expected to foster a bull run to the upper end of the channel above $1.010.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."}