EUR/CHF chart - Trading View
Spot Analysis:
EUR/CHF was trading 0.05% higher on the day at 1.1051 at around 07:35 GMT
Previous Session's High/Low: 1.1060/ 1.0995
Previous Week's High/Low: 1.1094/ 1.0992
Technical Analysis: Bias Bullish
- Price action closed above 21-EMA on Wednesday's trade
- Pullback has bounced off 55-EMA support
- 5-DMA has turned, RSI has edged above 50 mark and is biased higher
- Stochs are on verge of bullish rollover from oversold levels
- Price action is above the daily cloud and Chikou span is biased higher
Support levels - 1.1043 (20-DMA), 1.1032 (21-EMA), 1.1017 (5-DMA)
Resistance levels - 1.1099 (Upper BB), 1.1100, 1.1146 (200W MA)
Summary: EUR/CHF trades with a major bullish trend. Price action is set to resume upside after pair closed above 20-DMA in the previous session. Scope for retest of 200W MA at 1.1146.
