Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading rangebound at 1.0423 at around 09:40 GMT
- The pair is grinding sideways along 21-EMA support, break below will plummet prices
- Recovery attempts in the pair were rejected at daily cloud
- 5-DMA has turned bearish, momentum is bearish
- The pair closed with a gravestone Doji on the previous week's candle
- Price action has slipped below 200H MA
Support levels - 1.0417 (21-EMA), 1.0410 (5-week MA), 1.0402(20-DMA)
Resistance levels - 1.0445 (200H MA), 1.0465 (55-EMA), 1.0484 (Upper BB)
Summary: EUR/CHF pivotal at 21-EMA support. Watch out for break below for further weakness.
