EUR/CHF chart - Trading View
- EUR/CHF was trading 0.18% higher on the day at 1.0812 at around 10:25 GMT
- Outlook remains bullish, pair is consolidating above daily cloud
- RSI is above 60 and bias is bullish, Stochastics show bullish momentum
- Volatility is rising as evidenced by widening Bollinger bands
- GMMA indicator shows minor trend is strongly bullish, while major trend is turning bullish
Support levels - 1.0797 (5-DMA), 1.0742 (55-EMA), 1.0725 (20-DMA)
Resistance levels - 1.0824 (Nov 11 high), 1.0846 (converged trendline and 61.8% Fib), 1.0877 (Sept 1 high)
Summary: Pullback in the pair has held support at 200-DMA. The pair is attempting breakout at daily cloud which if successful will propel the pair higher. Next major bull target lies at 1.0846. Retrace below cloud will negate bullish bias.
