The price line on EURCHF price chart, has been going through an ascending wave since 26th of September 2022. The ascending motion of the price occurred within a bullish channel; which has already submitted several reactions by the price line to its the base, top and bottom line. RSI is now issuing a negative divergence signal and the price line has almost broken below the mid line of the channel. A descending line can be expected, heading to the support levels, indicated with green highlight.
There is resistance on 0.98580 followed by resistances at 0.98853 and 1.00000
• There is support at 0.97500 Below, there is 0.97222 and 0.96555
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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