Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading largely muted at 1.0156 at around 08:55 GMT
- The pair is consolidating previous session's slump, outlook bearish
- MACD confirms bearish crossover on signal line, ADX supports downside
- GMMA indicator shows major and minor trend are strongly bearish
- Price action is below major moving averages which are trending lower
Support levels - 1.0135 (Lower BB), 1.0093 (Lower W BB)
Resistance levels - 1.0210 (5-DMA), 1.0246 (200H MA)
Summary: EUR/CHF poised for further downside. Re-test of yearly lows at 0.9971 likely.
