FxWirePro: EUR/CHF Daily Outlook

EUR/CHF chart - Trading View 

EUR/CHF trades rangebound at 1.1323 at 0555 GMT.

The pair is consolidating break below 55-EMA, holds support at 50% Fib.

Technical bias bearish. Stochs and RSI are biased lower and RSI is below 50.

Drag till 61.8% Fib at 1.1282 likely. Retrace above 55-EMA negates beaarish bias.

Data Watch:
Switzerland inflation (0730 GMT)
Euro Zone Markit Services and Composite PMI (0900 GMT)
Euro Zone Retail Sales (1000 GMT)

Support levels - 1.1313 (50% Fib), 1.1308 (cloud top), 1.1282 (61.8% Fib)
Resistance levels - 1.1340 (55-EMA), 1.1348 (5-DMA), 1.1382 (23.6% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.