{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurchf-sellers-are-holding-back\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurchf-sellers-are-holding-back\/","headline":"EURCHF Sellers Are Holding Back","name":"EURCHF Sellers Are Holding Back","description":"EURCHF Analysis: Sellers Are Reserving Their Strength EURCHF sellers are holding back. The currency pair is currently in a situation where sellers are struggling to push the price lower. Despite their efforts, the bears lack the necessary momentum to drive the price down. Meanwhile, the buyers have attempted to gain control of the market but […]","datePublished":"2023-10-21","dateModified":"2023-10-21","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\/2023\/10\/AS.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/10\/AS.png","height":577,"width":1195},"url":"https:\/\/forexschoolonline.com\/eurchf-sellers-are-holding-back\/","about":["Article","charts","EUR\/CHF","EURCHF","Forex","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Technical Analysis"],"wordCount":322,"keywords":["EURCHF","Forex","forex price action","FX Technical Analysis","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"EURCHF Analysis: Sellers Are Reserving Their StrengthEURCHF sellers are holding back. The currency pair is currently in a situation where sellers are struggling to push the price lower. Despite their efforts, the bears lack the necessary momentum to drive the price down. Meanwhile, the buyers have attempted to gain control of the market but have been unsuccessful in finding equilibrium.EURCHF Key LevelsResistance Levels: 1.00200, 0.98570Support Levels: 0.96900, 0.93980Over the past week, the bears have been assertive, resulting in a breakthrough. This persistent bearish trend has been ongoing for some time. This led to a lower high near the significant level of 0.96900 at the beginning of the month. However, the buyers have been unable to counter the selling pressure. This has led to a display of selling sentiment for October.\u00a0Currently, the buyers are making an effort to halt the prevailing selling sentiment and initiate a pullback. In the upcoming week, there is a possibility of a decline in price towards the significant level of 0.93980. Following this decline, the buyers may regain strength and attempt to create higher price levels within the bearish market.\u00a0The momentum indicator on the daily chart is showing a decline. It implies that the bears are losing their intensity to push the price lower.Market ExpectationMoreover, the Moving Average Crossing is acting as a resistance line, reinforcing the bearish sentiment in the market. This implies that sell traders might continue to exert pressure on the price. It will potentially push it further down towards the key zone at 0.93980.The market may see a decline in the coming week, followed by a potential resurgence of buyers in the bearish market. Traders should keep an eye on the key support level at 0.93980 for potential price movements.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"}