|   Technicals


  |   Technicals


FxWirePro: EUR/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bearish

- EUR/CHF technical bias has turned bearish after rejection at daily cloud

- Stochs have rolled over from oversold levels and are biased lower

- RSI still holds above 50 mark, but has turned flat

- Price action is currently holding support at 21-EMA

- 5-DMA has turned lower and caps upside at 1.0446

Support levels - 1.0418 (21-EMA), 1.0402 (20-DMA)

Resistance levels - 1.0446 (5-DMA), 1.0468 (55-EMA)

Summary: EUR/CHF technical bias has turned bearish. Watchout for break below 21-EMA for further weakness. 

  • Market Data

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.