The EUR/CHF pair stayed around 0.94 on Friday, showing slight gains but still following a downward trend. Important support is just below 0.9350, while there’s resistance near 0.9360. Even with a small recovery, the overall technical view suggests downward pressure due to ongoing selling, keeping the pair within a narrow range. The alignment of the 20, 100, and 200-day Simple Moving Averages (SMAs) suggests continued downward pressure, confirming the overall selling trend. The Relative Strength Index (RSI) is in the 40s, indicating neutral market conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) shows slight buying momentum, which contrasts with the overall bearish sentiment. The Momentum (10) indicator is around 0, showing mild buying interest. Both the Ultimate Oscillator (7, 14, 28) and Stochastic %K (14, 3, 3) are in the 50s, indicating a largely neutral position. Traders are unsure as they weigh potential rebounds against the prevailing downtrend. Immediate support is expected at 0.9353, followed by 0.9341 and 0.9334. Resistance may form at 0.9362, then 0.9363 and 0.9364, which could limit short-term recovery efforts. Although the pair rose slightly around the 0.94 mark last Friday, the general behavior of the chart hasn’t shifted much from its longer-term trend. Price movements remain tightly constrained, showing a lack of strong conviction on either side. While a bounce was noted, it lacks depth, matching the behavior of other technical tools. With the short and medium-term SMAs above the price and the 200-day average continuing to fall, the overall downtrend is intact. This setup suggests that when buyers do enter, their efforts are quickly met with stronger selling above. The RSI, hovering around mid-40s, reflects this uncertainty—sufficient support to avoid a sharp decline but not strong enough to indicate a solid upswing. The MACD shows a weak attempt by buyers to gain momentum, ticking upward slightly without any significant divergence. Momentum indicators like the 10-period reading show little directional movement. They remain in neutral territory without a clear breakout. Similarly, the Ultimate Oscillator and Stochastic %K are also in the middle range, confirming a lack of strong direction. This consolidation indicates a market waiting for clearer signals, with neither side willing to commit fully. From recent price movements, key levels indicate where interest may arise. The 0.9353 level is the first support, though weaker buyers gave way easily last week. Below this are 0.9341 and 0.9334, where new order flow appeared in previous declines. On the upside, resistance clusters between 0.9362 and 0.9364, where supply has typically emerged. For those trading options or taking short-term positions related to this pair, the cluster of resistance suggests any upward attempts may be brief without broader support. It might be worth considering higher short-strike positions if there’s confirmation through momentum data. Conversely, a decisive break below 0.9330, especially with increased volume, could allow sellers to target lower levels. Currently, the data indicates that without a new catalyst or reversal signal, the pair remains open to renewed selling below the 0.9350 area. Positions should be flexible; we want to align with price movements while being ready for false moves in either direction. Narrow trading ranges do not last indefinitely, but until they break, caution is needed when managing premiums.

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