Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.56% higher on the day at 0.9972 at around 09:20 GMT
- The pair has snapped a 4-day bearish streak and has retraced dip below 200-DMA
- GMMA indicator shows major and minor trend are bullish
- Price action has held above daily cloud and Chikou span is biased higher
- Volatility is high and momentum is turning bullish, RSI has edged above 50
Support levels - 0.9947 (5-DMA), 0.9927 (200-DMA)
Resistance levels - 0.9971 (200H MA), 1.0049 (Upper BB)
Summary: EUR/CHF is extending previous session's gains. Price action pivotal at 200H MA, decisive break above will see further gains.
