FX.co ★ milford.mante | EUR/CHF

Hello traders, The currency pair EURCHF - D1 period chart. Since December 2025, the price has been gradually moving downwards until recently, remaining in this downtrend. The wave structure is forming its downward sequence. The MACD indicator being used is in the oversold zone, but it is already rising above its signal line. Selling at the bottom no longer made sense because the price had already bottomed out. This was indicated by a bullish divergence on the MACD indicator being used. It was so clear and strong that there was no doubt that it would soon play out. Additionally, a small bullish divergence on the CCI indicator formed, and the upward movement played out. The target for the rise was the horizontal resistance level at 0.9097, which is the minimum target. As seen, it has already been reached, with the price experiencing a slight pullback from it, followed by a breakout and confirmation. Essentially, this breakout and confirmation opened the way further towards the 0.9216 level. By the way, if you look at the highest monthly chart for information, you can also see a significant bullish divergence on the MACD there. It is understood that this is a monthly chart, but if we disregard that, for buyers who have been stuck in long positions for a while, this gives hope for a reversal of the pair and an upward movement. On smaller timeframes, I think it is worth considering formations for long positions only for now. Moreover, overall, the euro market is aimed at strengthening in the near future after its significant weakening. This pair is indeed a cross rate, but here too, I believe the euro will continue to strengthen. In general, the bullish divergence on the MACD indicator can be considered fully played out, as there was a discharge of the indicator, meaning it moved upwards from the oversold zone. Additionally, the horizontal resistance level at 0.9271 has been reached, causing a pullback downwards. Most likely, this level will also be broken upwards over time, but for now, a deeper correction after the rise remains relevant as there is a pronounced bearish divergence on the CCI - a strong sell signal.