EURCHF 18 Jun 2024 On the weekly timeframe, EURCHF has seen a decline since touching the R1 resistance level in the middle of last month. The pair has experienced significant bearishness, bringing the price down through the kumo cloud and reaching a price position of 0.95308 last week. Referring to the stochastic indicator, there is oversold saturation indicating a potential trend reversal. In addition, there is also a bullish signal on the candlestick chart, which could signal the beginning of a recovery or at least consolidation in the near future. Traders should monitor support and resistance levels as well as additional confirmation from other technical indicators to ascertain the next move.
