EUR/CHF chart on Trading View used for analysis
- EUR/CHF closes bearish gap open to trade at 1.1389 at the time of writing.
- The pair has slipped below major moving averages and dipped into daily cloud.
- Momentum studies are bearish and RSI is below 50 levels. We see scope for further weakness.
- Italy budget deadline looms Tuesday, where it is required to submit a revised budget draft to the EU.
- Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target.
- EUR/CHF rejected at stiff resistance at 110-EMA, breaks strong trendline support at 1.1390, eyes 1.1342 (cloud base and Oct 26 low).
Support levels - 1.1342 (cloud base and Oct 26 low), 1.13, 1.1281 (Sept 28 low)
Resistance levels - 1.14, 1.1424 (5-DMA), 1.1453 (110-EMA)
Recommendation: Stay short on upticks, SL: 1.1425, TP: 1.1340/ 1.13/ 1.1285
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
FxWirePro- Woodies Pivot (Major)
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
European Stocks Rally on Chinese Growth and Mining Merger Speculation
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/ZAR rises as dollar gains on Fed hike bets
NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead
2025 Market Outlook: Key January Events to Watch
Stock Futures Dip as Investors Await Key Payrolls Data
FxWirePro: GBP/USD slides to three-month low, scope for further downside
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 



