Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading 0.68% lower on the day at 1.0369 at around 11:45 GMT
- The pair is on a downside streak for the 3rd straight session, eyes 110-EMA support at 1.0356
- Upside was rejected at 200-DMA which is major resistance at 1.0490
- Stochs and RSI show bearish rollover from overbought levels
- Price action has slipped below 200H MA and GMMA shows major and minor trend are bearish on the intraday charts
Support levels:
S1: 1.0356 (110-EMA)
S2: 1.0327 (21-EMA)
Resistance levels:
R1: 1.0439 (5-DMA)
R2: 1.0490 (200-DMA)
Summary: EUR/CHF eyes 110-EMA support at 1.0356. Watch out for break below for further downside. Bullish continuation only above 200-DMA.
