FX.co ★ The Faster | EUR/CHF

H1 Time Frame Good morning everyone. Now let's discuss the current chart prepared during this period. The EUR/CHF market is currently hovering around 0.9794. The EUR/CHF currency pair is currently trading in a straightforward manner. Key indicators suggest the continuation of this movement. As the US dollar maintains strength in the forex market, the EUR/CHF currency pair is under pressure. The General Strength Index (RSI-14) indicator confirms that the market is heading south with a downward moving average line. Similarly, the moving average convergence divergence (MACD-12,36,9) oscillator indicator also shows a straightforward pattern as the signal line or slow line is above the zero line or midline. The 44-moving average and 24-moving average confirm short positions as they are above the price level. The initial target is evidently 0.9999, which is the first hurdle for EUR/CHF. If this candle breaks its end resistance during this period, the market will likely create new hurdle levels in the coming days, with the next hurdle level at 1.276. After that, if the market continues to advance strongly, it will break the hurdle line at 1.4798. On the other hand, I will consider selling the pair from the 0.9959 level, with the first target at 0.9780 and the second at 0.9544. After that, there is hope for the EUR/CHF pair to reach the 0.9281 level, which is the third level of support. Thank you for liking my analysis. I appreciate your visit and support for this analysis. The trend is clearly bullish, as the slow 200-period moving average is below, and the fast 50-period moving average is above. The gap between the moving averages has been closed and at the moment the uptrend may continue. I was expecting a slight decrease, as the prices reached a strong resistance level, which could have provided an opportunity to make a small profit. Now I am considering both a decrease and an increase as a 50/50 chance, as it is possible that the bulls are stronger than I initially thought.