EURCHF on the D1 timeframe is trading around 0.91860 after a strong impulsive rally from the 0.90902 swing low, and the chart now shows a pullback setup between the 0.92602 high and two key grey demand zones. Price surged along the steep red ascending trendline in consecutive green candles to test the 0.92602 level, marked as 0.0% on the Fibonacci tool. The rejection from 0.92602 has started a corrective move lower, and the immediate focus is on the 0.91242 - 0.91412 grey demand box, which aligns with the 78.5% Fibonacci level. The blue arrow pointing up from that zone shows buyers are expected to defend it for a continuation higher.
*Resistance / Supply* The 0.92602 level is the main D1 supply and swing high. Above it, a break would target 0.92942 and 0.93112. Below that, the 0.91958 red line is acting as short-term resistance. This lines up near the 38.2% Fibonacci at 0.91958. As long as EURCHF stays below 0.91958, the daily bias is corrective, and any retest of this area should be treated as a potential selling zone unless bulls break and close above 0.92602 with momentum.
*Support / Demand & Fibonacci Confluence* 1. *0.91242 - 0.91412 Grey Demand*: This is the key immediate D1 demand zone. It was a consolidation base during the rally and now coincides with the 78.5% Fib. The blue arrow pointing up from here signals buyers stepping in. A daily bounce from this box keeps the bullish structure intact and targets 0.91860, then 0.91958. 2. *0.90392 - 0.90562 Grey Demand*: This is the major lower demand zone and origin of the prior up move, marked by the larger grey box and second blue arrow. It also aligns near the 100.0% Fib at 0.90902. A daily close below 0.90902 would expose this zone. If it fails, the bullish structure breaks and targets 0.90222. 3. *Mid Fib Levels*: The 50.0% at 0.91752 and 61.8% at 0.91582 are acting as intraday support during the pullback. Holding above 0.91582 keeps buyers in control.
*Current Technical Bias D1* Right now EURCHF is in a healthy retracement after an impulsive leg up. The red trendline confirms higher lows, and the green candles from demand confirm buyers are active. For a bullish continuation, EURCHF needs to hold above 0.91242 demand, reclaim 0.91860, and break 0.91958 to retest 0.92602. For a bearish shift, bears need a daily close below 0.90902 to target the 0.90392 demand. Overall, D1 EURCHF is bullish while above 0.91242 demand. The 0.92602 supply is the level to beat for new highs, while the 0.91242 - 0.91412 demand + 78.5% Fib is the critical support that will decide if the uptrend resumes or deeper correctionweins.
