{"id":230214,"date":"2019-06-13T08:18:51","date_gmt":"2019-06-13T12:18:51","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=230214"},"modified":"2021-09-16T06:28:33","modified_gmt":"2021-09-16T10:28:33","slug":"eurchf-is-trending-downwards-and-this-may-continue","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eurchf-is-trending-downwards-and-this-may-continue","title":{"rendered":"EURCHF Is Trending Downwards, and This May Continue"},"content":{"rendered":"
EURCHF may reach the previous low of $1.116 to serve as a price retest before it continues the uptrend movement. In case the $1.116 level does not hold, the Bears may push down the price to reach $1.108 level.<\/p>\n
Resistance levels: $1.126, $1.134, $1.141
\nSupport levels: $1.116, $1.108, $1.098<\/p>\n
<\/p>\n
On the long-term outlook, EURCHF is bearish. The strong pressure of the Bears has turned to weak one immediately the currency pair price reached the support level of $1.116 level. The Bulls defended the level and strong bullish candles emerged, the price was pushed up towards the resistance level of $1.126 level. At the same level, an inverted pin bar emerged which is a bearish reversal signal. Today, a strong daily bearish candle formed and the price is heading towards a previous low of $1.116.<\/p>\n