EURCHF Analysis, April 24, 2025
EURCHF on TF M15 The chart shows that the price had experienced a fairly strong uptrend, marked by a series of higher highs and higher lows. However, after reaching its peak in the 0.9410s, the price began to lose momentum and entered a consolidation phase with relatively narrow sideways movement. This phase lasted quite a long time, and this indicates uncertainty between buyers and sellers.
If the price manages to return above the 0.9400 level and closes with a strong bullish candle, this could be a signal that buyers are back in control of the market. In this condition, traders can consider a buy entry with a target in the 0.9425 - 0.9440 area, and a stop loss below 0.9380.