📊 Technical Structure (2H)
✅ Channel structure remains intact
✅ Wave (4) nearing completion within resistance
✅ Strong sell zone between 0.9345–0.9363
📌 Downside Targets
First: 0.93129
Final: 0.92721
🔻 Invalidation Zone
Above: 0.93634 (Break above would invalidate current wave count)
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📈 Market Outlook
EUR Weakness: Dragged by soft PMIs and ECB's dovish stance.
CHF Strength: Risk-off flows favoring Swiss Franc demand.
Structure: Elliott Wave alignment supports further downside.
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⚠️ Risks to Watch
Breakout above 0.9364 invalidates bearish count
Sudden shift in SNB or ECB policy stance
Broader EUR strength spilling into crosses
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🧭 Summary: Bias and Watchpoints
EUR/CHF is likely to resume its downtrend from the current resistance zone, with a Wave (5) extension aiming toward 0.9272. While the setup offers a clean R:R, tight risk control is crucial above 0.9364. Watch for confirmation candles and bearish reaction from the red zone.
---
✅ Channel structure remains intact
✅ Wave (4) nearing completion within resistance
✅ Strong sell zone between 0.9345–0.9363
📌 Downside Targets
First: 0.93129
Final: 0.92721
🔻 Invalidation Zone
Above: 0.93634 (Break above would invalidate current wave count)
---
📈 Market Outlook
EUR Weakness: Dragged by soft PMIs and ECB's dovish stance.
CHF Strength: Risk-off flows favoring Swiss Franc demand.
Structure: Elliott Wave alignment supports further downside.
---
⚠️ Risks to Watch
Breakout above 0.9364 invalidates bearish count
Sudden shift in SNB or ECB policy stance
Broader EUR strength spilling into crosses
---
🧭 Summary: Bias and Watchpoints
EUR/CHF is likely to resume its downtrend from the current resistance zone, with a Wave (5) extension aiming toward 0.9272. While the setup offers a clean R:R, tight risk control is crucial above 0.9364. Watch for confirmation candles and bearish reaction from the red zone.
---
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.