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Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
- EUR/CHF is extending upside for the 6th straight session
- The pair is consolidating break above 55-EMA, MACD supports upside
- Price action has entered into daily cloud, Chikou span is biased higher
- Momentum is bullish and volatility is high and rising
- GMMA indicator shows major trend is bearish, but minor trend is bullish
Support levels - 1.0474 (55-EMA), 1.0458 (5-DMA), 1.0418 (21-EMA)
Resistance levels - 1.0561 (21-week EMA), 1.0590 (20-week MA), 1.06
Summary: EUR/CHF trades with a bullish bias, scope for test of 1.0560.
