Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.39% lower on the day at 1.0153 at around 10:30 GMT
- The pair is extending break below daily cloud
- Momentum is strongly bearish, stochs and RSI are biased lower
- The pair has resumed downside are being rejected at 200-DMA
- GMMA indicator shows major and minor trend are bearish
- Volatility is high and rising, MACD confirms bearish crossover on signal line
Major Support Levels:
S1: 1.0087 (Apr month low)
S2: 1.0037 (Lower BB)
Major Resistance Levels:
R1: 1.0243 (Cloud base)
R2: 1.0305 (5-DMA)
Summary: EUR/CHF is poised to extend hawkish SNB-led losses. Technical indicators also support downside in the pair.
