Chart - Courtesy Trading View
Spot Analysis:
EUR/CHF was trading 0.08% higher on the day at 1.0434 at around 09:30 GMT
Previous Week's High/ Low: 1.0455/ 1.0367
Previous Session's High/ Low: 1.0442/ 1.0391
Technical Analysis:
- EUR/CHF is extending previous session's gains
- The pair is extending gains for the 2nd straight session
- Price action is testing 21-EMA resistance
- The pair is now trading above 200H MA
- RSI is on verge of bullish rollover from oversold levels on the weekly charts
- Bullish RSI divergence on the daily charts adds to the upside bias
Major Support and Resistance Levels:
Support - 1.0423 (200H MA), Resistance - 1.0446 (21-EMA)
Summary: EUR/CHF is pivotal at 21-EMA resistance. Watchout for decisive break above for further upside.
