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Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.05% higher on the day at 0.9887 at around 13:10 GMT
- The pair is extending gains above 21-EMA, scope for further upside
- Price action is above cloud, Chikou span is biased higher
- GMMA indicator shows major and minor trend are turning bullish
Support levels:
S1: 0.9879 (5-DMA)
S2: 0.9846 (21-EMA)
Resistance levels:
R1: 0.9916 (Upper BB)
R2: 0.9976 (200-DMA)
Summary: EUR/CHF trades with a slight bullish bias. Scope for test of 200-DMA at 0.9976. Weakness likely on retrace below 21-EMA.
