“¢ The cross came under some renewed selling pressure on Thursday and dropped to test ascending trend-line support, extending from Jan. 8th. “¢ A sustained weakness below 200-hour SMA was seen as a key trigger for bearish traders and behind the pair’s sharp intraday slide of over 50-pips. “¢ Technical indicators on the 1-hourly chart are already pointing to oversold conditions and warrant some near-term consolidation before any further downfall. “¢ Meanwhile, oscillators on 4-hourly/daily charts have just started gaining negative momentum and support prospects for an eventual bearish breakdown. “¢ A sustained weakness below the mentioned trend-line support will reaffirm the bearish outlook and accelerate the fall further towards the 1.1300 handle. EUR/CHF 1-hourly chart EUR/CHF Overview: Today Last Price: 1.1341 Today Daily change %: -0.39% Today Daily Open: 1.1385 Trends: Daily SMA20: 1.137 Daily SMA50: 1.1324 Daily SMA100: 1.1345 Daily SMA200: 1.1407 Levels: Previous Daily High: 1.1396 Previous Daily Low: 1.1352 Previous Weekly High: 1.1374 Previous Weekly Low: 1.1329 Previous Monthly High: 1.143 Previous Monthly Low: 1.1183 Daily Fibonacci 38.2%: 1.1368 Daily Fibonacci 61.8%: 1.1379 Daily Pivot Point S1: 1.1359 Daily Pivot Point S2: 1.1333 Daily Pivot Point S3: 1.1315 Daily Pivot Point R1: 1.1403 Daily Pivot Point R2: 1.1421 Daily Pivot Point R3: 1.1447 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple denies claims it paid its way to XRP’s listing on Coinbase FX Street 4 years "¢ The cross came under some renewed selling pressure on Thursday and dropped to test ascending trend-line support, extending from Jan. 8th. "¢ A sustained weakness below 200-hour SMA was seen as a key trigger for bearish traders and behind the pair's sharp intraday slide of over 50-pips. "¢ Technical indicators on the 1-hourly chart are already pointing to oversold conditions and warrant some near-term consolidation before any further downfall. "¢ Meanwhile, oscillators on 4-hourly/daily charts have just started gaining negative momentum and support prospects for an eventual bearish breakdown. "¢… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
