EUR/CHF Timeframe H4 
The movement of the EUR/CHF currency pair on the H4 timeframe currently indicates a market condition that tends to be in moderate bearish pressure after failing to sustain the upward momentum that formed at the end of April. Based on the chart structure, the price previously managed to rise to the 0.9255 area before experiencing a strong rejection and falling back towards the 0.9155 area. This decline shows that seller dominance is starting to increase again, especially after the price failed to hold above the key resistance and moved back below the main moving averages. From the Moving Average indicator perspective, the MA 100 displayed with a blue line is currently above the price and trending downwards. This position indicates that the medium-term momentum is starting to shift to bearish after previously being in a bullish phase from mid-March to April. The price moving below the MA 100 indicates that selling pressure is still quite dominant and buyers have not been able to regain control of the market. Additionally, the continuously decreasing slope of the MA 100 shows that the downtrend is still valid as long as the price has not been able to break back above that area. Meanwhile, the MA 200 displayed with a red line is also above the price and moving relatively flat with a slight downward tendency. This condition indicates that in the long-term structure, the market is starting to lose the bullish momentum that was previously formed. The presence of the MA 200 around the 0.9180 area becomes a very important dynamic resistance. As long as the price continues to move below the MA 200, the market sentiment tends to remain bearish. However, if the price manages to break out and hold above the MA 200, the opportunity for a change in direction towards a bullish reversal will begin to emerge. The horizontal support and resistance structure on the chart provide a clear technical picture of the important areas that the market is currently focusing on. The nearest resistance is at the 0.9180 area, which is currently close to the position of the MA 200. This area becomes the main short-term resistance as it has been a rejection point several times after the price experienced a sharp decline at the end of April. If buyers are able to push the price consistently above 0.9180, the chances of an increase towards the next resistance at the 0.9223 area will increase. The level of 0.9223 is a significant resistance as it was previously a consolidation area and support before being broken downwards. A breakthrough above this level can strengthen the bullish signal and open up room for strengthening towards the major resistance at the 0.9267 area. The 0.9267 area itself is a strong resistance as it is the highest peak recorded in the previous price structure. If this area is successfully breached, the possibility of a new bullish trend forming will become more valid. On the downside, the nearest support is at the 0.9135 area, which is currently a crucial defense point for buyers. The price has been seen moving around this area several times and has not been able to significantly break through it. As long as this support holds, the possibility of a technical rebound remains open. However, if selling pressure increases again and the price manages to close steadily below 0.9135, the potential for further weakness towards the next support at the 0.9089 area will increase. The 0.9089 support is a strong demand area as it was previously the starting point of a bullish rally in mid-March. If this area is tested again, the market is likely to experience increased volatility due to the emergence of large buyer and seller reactions. The next major support is in the 0.9048 to 0.9015 area, which is the last defense zone to keep the long-term bullish structure valid. From a price action perspective, the latest candles show a narrow consolidation phase after a previous sharp decline. This pattern indicates that the market is seeking a new balance before determining the next direction. Consolidation below the MA 100 and MA 200 generally more often leads to a continuation of bearishness, especially if there is no significant breakout above the main resistance. However, because the price is still holding above the 0.9135 support, the possibility of a short-term rebound still needs to be considered. Overall, the technical condition of EUR/CHF on the H4 timeframe is still bearish as the price is moving below the MA 100 and MA 200. Selling pressure continues to dominate as long as the price has not been able to rise back above the 0.9180 to 0.9223 resistance area. If these resistances are successfully breached, the opportunity for recovery towards the 0.9267 area will increase. Conversely, if the price fails to rebound and falls back below the 0.9135 support, the bearish pressure is likely to continue towards the 0.9089 and even 0.9048 areas in the coming trading sessions.
