Home Latest EURCHF trades to lowest level since February 23

EURCHF trades to lowest level since February 23

Forex, video, latest June 11, 2021 3:01 am

return below 1.0900

a price of a EURCHF are trading to new session lows on a day also inside a process is trading at a lowest level since February 23.  Looking at a daily chart, a price also is extending below its 50% midpoint of a move up from a November swing low to a March swing high. That level comes inside at 1.09054. a current price is trading at 108.911. a next key target on a daily chart is a 200 day moving average at 1.08716.

Back below 1.0900

Drilling to a hourly chart below, a price action today saw a spike higher that found resistance near its falling 100 hour moving average (blue line at 1.0925. a current MA level is at 1.09218). a high price reached 1.09256 before rotating return to a downside. 

a high price today also entered into a swing area between 1.0923 also 1.0930. Staying below that swing area, also a 100 hour moving average kept a sellers more control.  Going forward it would take a move return above those technical levels to tilt a bias more to a upside.

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