EURCHF: Key Support

EURCHF, Daily

In the Daily Timeframe, EURCHF started to decline after a bullish trend and reached 61.8 Fibonacci and the trend line. Despite the strong bearish sentiment, the RSI indicates oversold.

• If the price breaks the trend line and falls below 0.9510, the downside target will be 0.9400;

• A bounce from the trendline will bring EURCHF back to 0.9680 resistance, corresponding to 38.2 Fibonacci;