EURCHF struggles to strengthen positive move | Forex Factory

  • EURCHF struggles to strengthen positive move

    From xm.com

    EURCHF is looking neutral in the short-term, hovering within the short-term simple moving averages (SMAs) and the 1.0360 support level. The bullish doji candle that was posted in the previous sessions, is suggesting an upside reversal move that will be completed if the pair climbs above 1.0510. Regarding the technical indicators, the RSI is holding near the 50 level with steady momentum, while the MACD is surpassing its trigger line below the zero level. The red Tenkan-sen line is standing below the blue Kijun-sen line, suggesting a negative bias. If the pair overcomes the 20- and 40-day SMAs, the next target could ... (full story)

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traderathome
Feb 2, 2022 7:16am
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"EURCHF struggles to strengthen positive move...." There is neither a struggle nor is it positive!

SM is apparently bearish, building their SELL positions, and the MMs are simply doing what they do; manipulate price up and down to create liquidity to fill SM orders.......HTMRW.

In order to fill SM sell orders, the MMs need that herd of bullish sheep, hence we endure the planted "news" that portrays the market moves to be not what they are......HTMRW.
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blueRocket
Dec 24, 2022 8:47pm
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EUROCHF 1% below strict parity.
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Let's see more And Merry Christmas
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blueRocket
Jan 4, 2023 9:04pm
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Difficult to cross strict parity
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