Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.52% higher on the day at 0.9873 at around 13:30 GMT.
- The pair is extending break above 21-EMA, scope for further gains
- Price action has held strong support at 55-EMA, the pair has retraced above 110-EMA
- Momentum is bullish, Stochs and RSI are biased higher
- GMMA indicator shows major trend is neutral, while minor trend is turning bullish
Major Support Levels: 0.9846 (110-EMA), 0.9823 (21-EMA)
Major Resistance Levels: 0.9928 (Upper BB), 0.9994 (200-DMA)
Summary: EUR/CHF trades with a neutral bias, with a bullish tilt. Decisive close above 110-EMA will fuel further gains. Failure at 110-EMA will dent any further gains.
