{"id":17093,"date":"2010-12-20T07:51:18","date_gmt":"2010-12-20T12:51:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17093"},"modified":"2010-12-20T07:51:18","modified_gmt":"2010-12-20T12:51:18","slug":"eurchf-another-bearish-session-expected","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/20\/eurchf-another-bearish-session-expected\/","title":{"rendered":"EUR\/CHF \u2013 Another Bearish Session Expected"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong><\/p>\n<p>After  a couple of weeks that the EUR\/CHF pair has consolidated around the  1.3000 level, and saw very little volatility, the bearish trend has  resumed, and the pair is currently trading near the 1.2730 level. In  addition, several technical indications suggest that the pair\u2019s bearish  move is likely to proceed, with potential to reach the 1.2600 level by  the end to today\u2019s trading session.<\/p>\n<p>\u2022 The chart below is the EUR\/CHF 4-hour chart by ForexYard.<br \/>\n\u2022 It can be seen that between November 30 and December 14 the pair saw  very little volatility, and was trading near the 1.3000 level.<br \/>\n\u2022 However, the pair is dropping rather consistently ever since, and is now trading near the 1.2730 level.<br \/>\n\u2022 In addition, a bearish cross of the Slow <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic<\/a> is suggesting that the bearish move has more room to go.<br \/>\n\u2022 The <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">RSI<\/a> is pointing down as well, and is currently floating near the 40-line.  If the RSI will fall below the 30-line, meaning entering the over-sold  zone, it will probably validate today\u2019s bearish session.<br \/>\n\u2022 Another possible validation of today\u2019s bearish trend could be the forthcoming bearish cross by the <a href=\"http:\/\/www.forexyard.com\/en\/moving-average-convergence-divergence-macd\">MACD<\/a>.  On the last time that MACD has completed a bearish cross, the pair  almost instantly dropped about 200 pips. Such development can take place  again.<br \/>\n\u2022 The pair\u2019s nest <a href=\"http:\/\/www.forexyard.com\/en\/price-support-levels\">support levels<\/a> are located at: 1.2720, 1.2650, and 1.2600.<br \/>\n\u2022 The pair\u2019s next <a href=\"http:\/\/www.forexyard.com\/en\/price-resistance-levels\">resistant levels<\/a> are found at 1.2795, 1.2860 and 1.2920.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/EUR-CHF.JPG\" alt=\"Forex Chart\" \/><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                              may           not          be                              suitable                 for               all                                                    investors.                            There                   is       a                                                                                        possibility                                that                                            you                           could                                      sustain  a                 loss                         of         all                  of                        your                                                                               investment          and                                                                  therefore        you                                                      should              not                                       invest                                      money                that                    you                                                  cannot                                    afford    to                                             lose.            You                                               should                   be                          aware                of                                  all                      the                     risks                                                                 associated                         with                                Foreign                                             Exchange                                                    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a couple of weeks that the EUR\/CHF pair has consolidated around the 1.3000 level, and saw very little volatility, the bearish trend has resumed, and the pair is currently trading near the 1.2730 level. In addition, several technical<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17093","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17093"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17093\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}