EUR/CHF chart - Trading View
EUR/CHF was trading marginally higher on the day at 1.0824 at around 11:00 GMT.
The pair is consolidating break above 21-EMA, scope for further upside.
Price action has edged above the weekly cloud and is on track to test 50-week MA at 1.0865.
Near-term bias has shifted bullish as GMMA indicator shows bullish shift on the near-term.
Momentum indicators are bullish, Stochs and RSI are sharply higher. RSI is above the 50 mark.
That said, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) on the daily charts could limit gains.
Support levels - 1.0801 (Converged 5-DMA and 21-EMA), 1.0766 (200H MA)
Resistance levels - 1.0854 (55-EMA) 1.0893 (200-DMA)
Summary: EUR/CHF has turned slightly bullish on the near-term. Watch out for weekly close above cloud for upside continuation.
