Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading unchanged at 1.0102 at around 10:05 GMT
- The pair has erased early gains and has slipped lower from session highs at 1.0139
- 5-DMA is sharply lower and caps upside in the pair
- Momentum is bearish, Stochs and RSI are sharply lower and RSI is below 50 mark
- GMMA indicator shows major and minor trend are strongly bearish
Support levels:
S1: 1.0060 (Lower BB)
S2: 1.00
Resistance levels:
R1: 1.0139 (5-DMA)
R2: 1.0227 (200H MA)
Summary: EUR/CHF trades with a bearish bias. Recovery capped at 5-DMA. Scope for test of fresh yearly lows below 1.00 handle.
