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EUR/CHF chart - Trading View
EUR/CHF has pared some gains from session high at 1.0558 and was trading at 1.0550 at around 10:25 GMT.
The pair was extending previous session's gains and is attempting a breakout at 21-EMA resistance.
RSI is biased higher and Stochastics are on verge of rollover from oversold levels.
The pair is extending breakout above 200H MA and eyes 1.06 (nearly converged daily cloud and 55-EMA).
Analysis of the GMMA indicator shows major trend is bearish, but short-term moving averages show shift in near-term trend.
Further, a bullish RSI divergence keeps scope for upside in the pair. Next major hurdle lies at 1.06 (nearly converged daily cloud and 55-EMA).
Break above 1.06 mark eyes 23.6% Fib at 1.0650 ahead of 21W EMA at 1.0660. Bullish invalidation likely on retrace below 200H MA.
