Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.22% lower on the day at 0.9865 at around 10:00 GMT
- The pair is extending weakness for the 3rd consecutive session
- Stochs and RSI are biased lower, 5-DMA has turned
- Price action has slipped below 200H MA, GMMA indicator is bearish on the hourly charts
- MACD is on verge of bearish crossover on the signal line
Support levels:
S1: 0.9833 (200-DMA)
S2: 0.9775 (Lower W BB)
Resistance levels:
R1: 0.9893 (110-EMA)
R2: 0.9911 (5-DMA)
Summary: EUR/CHF trades with a bearish bias. The pair is on track to test 200-DMA at 0.9833. Break below to drag the pair lower. Bearish invalidation only above daily cloud.
