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Chart - Courtesy Trading View
EUR/CHF was trading 0.24% higher on the day at 0.9943 at around 09:20 GMT, outlook is bullish.
The pair has retraced dip below 200-DMA and has is extending break into the daily cloud, scope for further upside.
MACD shows bullish crossover on signal line, ADX supports upside in the pair. Chikou span is biased higher.
Stochs and RSI are biased higher, RSI is above the 50 mark and support bullish continuation.
GMMA indicator shows near-term moving averages have turned bullish on the daily charts.
The final estimate of the euro area consumer confidence for February which will be released later in the day will provide further impetus.
Support levels - 0.9902 (55-EMA), 0.9875 (200-DMA)
Resistance levels - 0.9990 (Upper BB), 1.0017 (55-week EMA)
Summary: EUR/CHF trades with a bullish bias. Retrace above 200-DMA raises scope for upside continuation.
