FxWirePro: Cloud caps upside in EUR/CHF, break above 200-DMA to see further upside

• EUR/CHF is trading in a narrow range on the day, with the day's high at 1.1628 and low at 1.1598.
   
• The pair is extending gradual grind higher, supported by 5-DMA which is rising.
   
• Upside in the pair has paused at daily cloud which is stiff resistance at 1.1624.
   
• Break above finds next major resistance at 1.1666 which is nearly converged 50 and 200 DMAs.
   
• Technical indicators are bullish on daily charts. Break above 200-DMA will accentuate upside in the pair.
   
• On the flipside, 5-DMA is immediate support at 1.1586. Break below will see strong support at 21-EMA at 1.1575. 

Support levels - 1.1587 (5-DMA), 1.1576 (21-EMA), 1.1480 (June 21 low)

Resistance levels - 1.1638 (55-EMA), 1.1666 (nearly converged 500 and 200 DMAs), 1.1741 (Mar 8 high)

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 4.50268 (Neutral), while Hourly CHF Spot Index was at -137.878 (Bearish) at 0800 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.