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Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 1.18% higher on the day at 1.0015 at around 15:45 GMT
- The pair has ended a long consolidation phase and has spiked past 200-DMA resistance
- Mometum is bullish, Stochs and RSI are sharply higher, RSI well above 50
- Price action is above cloud, Chikou span is biased higher
- MACD and ADX support upside in the pair, volatility is rising
Support levels - 0.9933 (200-DMA), 0.9904 (5-DMA)
Resistance levels - 1.0039 (55-week EMA), 1.0288 (110-week EMA)
Summary: EUR/CHF has ended consolidation and is showing upside potential. Close above 200-DMA will confirm further gains.
