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.
