{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-sell-pressure-continues-to-dominate\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-sell-pressure-continues-to-dominate\/","headline":"EURCHF Sell Pressure Continues to Dominate","name":"EURCHF Sell Pressure Continues to Dominate","description":"Market Analysis: EURCHF Has Seen Consistent Selling EURCHF sell pressure continues to dominate. The currency pair has been witnessing consistent selling pressure in recent weeks, with the bears firmly in control of the market. A closer look at the technical analysis reveals the ongoing bearish sentiment and the potential for further downside. EURCHF Key Zones […]","datePublished":"2024-06-16","dateModified":"2024-06-16","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\/06\/J9Op64OB.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/06\/J9Op64OB.png","height":508,"width":1281},"url":"https:\/\/forexschoolonline.com\/eurchf-sell-pressure-continues-to-dominate\/","about":["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","Trading","Trading strategy"],"wordCount":312,"keywords":["Daily Chart","EURCHF","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"Market Analysis: EURCHF Has Seen Consistent SellingEURCHF sell pressure continues to dominate. The currency pair has been witnessing consistent selling pressure in recent weeks, with the bears firmly in control of the market. A closer look at the technical analysis reveals the ongoing bearish sentiment and the potential for further downside.EURCHF Key ZonesResistance Levels: 0.99330, 0.98390Support Levels: 0.96860, 0.95670The recent breakthrough beyond the 0.95670 significant level has confirmed the increased selling pressure in the EURCHF pair. This marked a significant development, as the bears have been seeing through with easy passage for weeks.Taking a step back to the end of last month, the bulls were also still at their peak. After breaking through the 0.98390 significant level, the bulls propelled the pair up to the 0.99330 significant level. However, the buyers were unable to maintain the upward momentum and lost traction, leading to a reversal.At this point, the EURCHF pair began to depreciate, with the parabolic stop-and-reverse indicator changing direction and the bears taking control. The sell-traders managed to wash through the 0.98390 significant level, followed by a pullback. However, the buyers were not strong enough to cause a reversal, and the market continued trading lower.Currently, the bears are headed down to the 0.95090 significant level, and it’s very likely for them to keep going lower. The projection from the RSI (Relative Strength Index) still shows more selling pressure.Market ExpectationThe battle remains in the short term, with the bears looking to push the pair down further. The Euro market is, therefore, losing steam as the sellers keep purging lower. The buyers may find it a little bit hard to plan a recovery, but for now, the sell-traders remain in control.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}