{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-is-set-for-another-run-in-with-the-bears\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-is-set-for-another-run-in-with-the-bears\/","headline":"EURCHF Is Set for Another Run-in With the Bears","name":"EURCHF Is Set for Another Run-in With the Bears","description":"EURCHF Analysis \u2013 Price Is Set for Another Bearish Round EURCHF is set for another bearish run-in after the latest move by sellers in the market. Price has been in a downward spiral since attaining a market level of 1.11500 on the 4th of March 2021. The market has been trading predominantly in the lower […]","datePublished":"2021-08-14","dateModified":"2021-08-14","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\/2021\/08\/EURCHF-1-Day.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/EURCHF-1-Day.png","height":617,"width":1274},"url":"https:\/\/forexschoolonline.com\/eurchf-is-set-for-another-run-in-with-the-bears\/","about":["Article","Article-com","charts","EUR\/CHF","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Trade Idea","Trade Setups"],"wordCount":385,"keywords":["Bearish Pressure","Daily Chart","EURCHF","Market Anticipation","Price Action","Technical Analysis"],"articleBody":"EURCHF Analysis \u2013 Price Is Set for Another Bearish RoundEURCHF is set for another bearish run-in after the latest move by sellers in the market. Price has been in a downward spiral since attaining a market level of 1.11500 on the 4th of March 2021. The market has been trading predominantly in the lower half of a descending channel, with price going to the upper half only on a few occasions. Every attempt by the buyers to lift the market has been met with a greater drop in price.EURCHF Key LevelResistance Levels: 1.08250, 1.08700, 1.11500Support Levels: 1.08730, 1.07400, 1.06700A major feature of the market is the consistent lower lows. But for how long will this continue? On the 28th of July 2021, price dropped further out of the lower half of the descending channel but met strong support at 1.07400, which bounced the market strongly upward. EURCHF ascended as far as the middle line of the parallel channel, which coincided with the 1.08250 resistance level. At this point, the market was knocked down again.Price opened today with a strong bearish candlestick, which resulted in a bearish engulfment as of the time of writing. All indications show that the market is set for a plunge. The spring-up in price from the 1.07400 key support has pushed it up to the overbought region on the Stochastic Oscillator. Therefore, another drop in the market price is imminent as the daily candles are currently trading to the underside of the MA period 20 (Moving Average).Market ProspectsThe market is now diving to the 1.07400 support. From previous movements, price is expected to make a lower low, but the 1.07400 key support will be a major test of the tenacity of the Bears. The MA period 20 has moved above the 4-hours candle to confirm the push down in price. The Stochastic Oscillator, though, is already at the border of the oversold region, and bulls could take advantage of this to empower the 1.07400 to repel the fall of the market.EURCHF is set to fall to 1.07400, but there are strong indications that the support level will disrupt the rhythm of the market and push it back up towards 1.08700.Note: Forexschoolonline.com is 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."}