FX.co ★ EUR/CHF

Let's consider the four-hour chart of the EURCHF currency pair. After a three-week consolidation, the price continued to decline. Technical analysis shows that the price is trading below the Kijun-sen and Tenkan-sen signal lines, below the cloud, the Chikou span line is below the price chart, and the signal lines are in the process of forming a dead cross. The Bollinger Bands are expanding, indicating an increase in volatility, the relative strength index is below 50, and the trend oscillator is colored red, signaling a bearish market sentiment. Currently, selling is a priority. I consider the support level at 0.9186 as the nearest potential target of the downward movement. If the bears manage to push through this level, we are likely to see a decline towards the support at 0.9125. Sales will be a priority as long as the pair trades below the critical Kijun-sen line. A pullback to this level will reduce the relevance of selling.