FxWirePro: EUR/CHF extends gains for the 4th straight week, hits 23-week highs at 1.4446

EUR/CHF chart - Trading View 

• EUR/CHF extends gains for the 4th straight week, bias higher.
   
• The pair has broken strong resistance at 1.14 levels, is on track to test 38.2% Fib at 1.1484.
   
• Momentum with the bulls, but oscillators are at overbought levels, with scope for some pullback.
   
• The weekly charts also support upside in the pair. Volatility is rising and techs support upside.
   
• Price action has shown a breakout of channel trade, breaching channel resistance at 1.14.
   
• The pair now eyes next immediate resistance at 1.1480 (131% Fib) and then 1.15 mark.
   
• Retrace below channel top will see dip till 200-DMA. Slip below 200-DMA negates bullish bias.

Support levels - 1.1421 (5-DMA), 1.14, 1.1377 (76.4% Fib)

Resistance levels - 1.1480 (131% Fib), 1.15, 1.1520

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.