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EUR/CHF chart - Trading View
EUR/CHF trades 0.16% lower on the day at 1.1176 at 11:50 GMT, bias bearish.
Price action in the pair is below cloud and major moving averages.
Recovery failed to extend beyond 38.2% Fib and the pair retraced break above 21-EMA.
Technical indicators support further weakness. Volatility is rising, scope for further downside.
RSI below 50 and sharply lower. Stochs have turned and Stochastics RSI have rolled over into neutral.
Strong support is seen at 200W SMA at 1.1166. Break below will accentuate weakness.
Little support is seen till 1.1130 (Lower BB on weekly chart). Break below eyes 1.1115 (trendline).
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
