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FxWirePro: EUR/CHF Daily Technical Outlook

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. 
 

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