EUR/CHF chart - Trading View
- EUR/CHF is extending trade in narrow ranges, with session highs at 1.1306 and lows at 1.1294.
- The single currency showed a tepid reaction to Wednesday's ECB meeting.
- Price action is consolidating above 4H 200-SMA and retrace below will see further weakness.
- The pair is struggling to extend gains above 1.13 handle, finds stiff resistance at 100-DMA.
- We see some signs of upside exhaustion in the pair. Stochs are at overbought and spinning top formation seen at highs.
- Break below 4H 200-SMA finds next major support at 5-DMA at 1.1266. Break below to see further weakness.
- A bullish 5 and 20 DMA crossover keeps scope for upside. Breakout at 100-DMA will see gains till 61.8% Fib at 1.1336 ahead of 200-DMA at 1.1366.
Recommendation: We prefer to wait for clear directional bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains some upside momentum but still bearish
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro- Major European Indices
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 



