# EURCHF Channel Resistance (Sept 8, 2015) Source: https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/ Language: en Updated: 2015-09-08 Description: Explore EURCHF Channel Resistance (Sept 8, 2015). EURCHF has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EURCHF has been gradually trading higher, moving inside a shallow rising channel on its 1-hour time frame. Price is currently testing the top of the range at the 1.0900 major psychological level, which might hold as resistance. In that case, EURCHF could soon head back to the channel support at the 1.0750 minor psychological level before resuming the climb. Support could also be found at the mid-channel area of interest near the 1.0800 mark. The 100 SMA is above the longer-term 200 SMA, which means that the uptrend is likely to carry on. However, stochastic and RSI are on the move down so a bit of correction might still be possible before the climb resumes. If buying pressure is strong enough, an upside break past the channel resistance might be seen. There are no major event risks for this pair today, as the ECB has already announced its monetary policy statement last week while the SNB has nothing lined up in the next few days. The Swiss foreign currency reserves report indicated a small increase in holdings but not big enough to suggest that the central bank is actively intervening in the forex market. Only medium-tier reports from the euro zone and Switzerland are on the docket. This includes the Swiss unemployment rate, which is expected to hold steady at 3.3%, and the German and French trade balance. ![EURCHF Channel Resistance (Sept 8, 2015)] Without any major catalysts, the pair could stay in range and sell off from the dovish bias that the ECB shared last week. Recall that Draghi said that they are open to further easing if inflation falls further, announcing downgrades on their growth and CPI estimates as well. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/", "headline": "EURCHF Channel Resistance (Sept 8, 2015)", "inLanguage": "en", "datePublished": "2015-09-08T07:20:13+00:00", "dateModified": "2015-09-08T07:20:13+00:00", "articleSection": "Market Info", "description": "Explore EURCHF Channel Resistance (Sept 8, 2015). EURCHF has been. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/c/tradersway" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "EURCHF Channel Resistance (Sept 8, 2015)", "item": "https://www.tradersway.com/resources/market-info/eurchf-channel-resistance-sept-8-2015/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```