EUR/CHF chart - Trading View
Technical Analysis: Bias Bullish
- EUR/CHF was trading 0.13% higher on the day at 1.0947 at around 04:15 GMT
- The pair has ignored Gravestone doji formation in the previous session
- Price action is retesting 55-EMA resistance at 1.0952
- The pair is trading above 200H MA and GMMA is showing a bullish trend on the intraday charts
- Momentum studies are bullish, Stochs and RSI are biased higher. RSI has edged above 50 and Stochs have rolled over from oversold
Major Support Levels: 1.0930 (5-DMA), 1.0913 (110W EMA), 1.0883 (55-EMA)
Major Resistance Levels: 1.0952 (55-EMA), 1.0964 (50-DMA), 1.0979 (20W MA)
Summary: EUR/CHF is hovering around 55-EMA, break above will see further upside. Next major resistance is at 50-DMA, channel top and 38.2% Fib at 1.0965.
