EUR/CHF price analysis: The crossing maintains a bassist tone near the minimum daily on Thursday

  • The EUR/CHF quotes near the 0.9400 area, reflecting a bassist tone with minor losses.
  • Momentum signals remain mixed, with long -term averages supporting the sales pressure.
  • The key support is around 0.9360, with resistance about 0.9370 and 0.9380.

The EUR/CHF crossing is quoting around the 0.9400 area on Thursday, maintaining a bassist tone as it approaches the lower end of its daily range. The crossing remains under pressure while traders evaluate a mixture of technical signals, suggesting a higher downward risk despite some short -term bullish momentum.

From a technical point of view, the relative force index (RSI) is located in the 40s, reflecting neutral conditions, while the indicator of convergence/divergence of mobile socks (MACD) indicates a current purchase momentum, providing a short -term counterweight counterweight to the broader bearish perspective. The stochastic K (14, 3, 3) also quotes in the 60s, suggesting a more balanced tone, while the product channel index (20) resides in the 40, reinforcing the mixed momentum image. The average directional index (14), around level 14, indicates a weak trend, highlighting even more uncertainty in the direction.

Mobile socks provide a clearer bearish image, with simple mobile socks (SMA) of 100 and 200 days aligning with the exponential mobile socks (EMA) of 10 and 30 days to indicate a continuous sales pressure. This alignment suggests that the broader trend remains inclined towards decline, despite the fact that the 20 -day SMA hints at a possible short -term recovery.

The immediate support is identified around 0.9360, followed by deeper levels at 0.9353 and 0.9348. On the positive side, resistance is expected about 0.9370, with strongest barriers at 0.9375 and 0.9380, potentially limiting short -term profits.

Daily graph

Source: Fx Street

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