EUR/CHF chart - Trading View
EUR/CHF trades rangebound around 1.0854 at around 05:00 GMT, bias remains bearish.
The pair has bounced off channel base support on Friday's trade and weakness only on break below.
Price action is consolidating break below 200-DMA and bearish bias intact as long as pair holds below.
Major moving averages are biased lower, volatility is rising as evidenced by widening Bollinger bands.
Momentum is bearish. Stochs and RSI are biased lower and RSI is well below 50 mark.
MACD shows bearish crossover on signal line and is below zero. ADX also supports downside bias.
Price action is currently hovering around 61.8% Fib, breach below channel base will see test of 76.4% Fib at 1.0776.
