EUR/CHF chart on Trading View used for analysis
- EUR/CHF has broken above strong trendline resistance at 1.13 mark, bias bullish.
- The pair is trading 0.13% higher on the day at 1.1332 at 0730 GMT.
- Technical indicators support upside in the pair. Stochs and RSI are biased higher.
- We evidence a bullish divergence on Stochs on the daily charts which supports upside.
- Upside has edged lower from cloud base resistance at 1.1337. Next major resistance above cloud base lies at 110-EMA at 1.1367 ahead of 23.6% Fib at 1.1376.
- 55-EMA is immediate support at 1.1313. Retrace below 21-EMA to see resumption of weakness.
Support levels - 1.1313 (55-EMA), 1.13, 1.1271 (5-DMA)
Resistance levels - 1.1337 (cloud base), 1.1367 (110-EMA), 1.1376 (23.6% Fib)
Recommendation: Stay long on break above cloud base, SL: 1.13, TP: 1.1370/ 1.14/ 1.1430
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 



