EUR/CHF chart - Trading View
Technical Analysis: Bias Neutral
- EUR/CHF was trading 0.02% lower on the day at 1.0940 at around 16:25 GMT
- The pair has slipped lower from session highs at 1.0964, upside was rejected at channel top and 50-DMA
- GMMA indicator shows major and minor trend is neutral
- MACD is showing a bullish crossover on signal line, Stochs and RSI show bullish momentum
- Price action is above 200H MA and hourly cloud is offering strong support
Support levels - 1.0930 (21-EMA), 1.0919 (5-DMA), 1.0908 (200H MA)
Resistance levels - 1.0965 (50-DMA, Channel top and 38.2% Fib), 1.0979 (cloud base), 1.1079 (55W EMA)
Summary: EUR/CHF struggles at channel top resistance, decisive break above required for upside continuation. Retrace below 5-DMA will see downside resumption.
