EURCHF: Get Ready For Another Bullish Movement -Update
The EURCHF pair has tested a major support zone for the fourth time since December 2023.
This level also marks the lowest price in years.
If this support holds, EURCHF could rebound towards key resistance levels: 0.9410, 0.9425, 0.9485, 0.9545, and 0.9600.
✅On Thursday, the Swiss National Bank (SNB) will announce its latest interest rate decision, with expectations pointing to a 25 basis point cut, bringing rates down to 0%.
This move could put the Swiss franc (CHF) at a significant disadvantage against other major currencies, many of which still maintain relatively high interest rates. However, the extent of CHF weakness remains uncertain, as broader monetary policy and market sentiment will play a crucial role.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The EURCHF pair has tested a major support zone for the fourth time since December 2023.
This level also marks the lowest price in years.
If this support holds, EURCHF could rebound towards key resistance levels: 0.9410, 0.9425, 0.9485, 0.9545, and 0.9600.
✅On Thursday, the Swiss National Bank (SNB) will announce its latest interest rate decision, with expectations pointing to a 25 basis point cut, bringing rates down to 0%.
This move could put the Swiss franc (CHF) at a significant disadvantage against other major currencies, many of which still maintain relatively high interest rates. However, the extent of CHF weakness remains uncertain, as broader monetary policy and market sentiment will play a crucial role.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.