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EUR/CHF chart - Trading View
EUR/CHF uptrend has paused and the pair has seen some major pullbacks in the previous two sessions.
The pair is extending previous session's slump and was trading 0.62% lower on the day at 1.0749 at around 09:20 GMT.
Price action has slipped below 200 SMA on the daily and hourly charts, raising scope for further downside.
Technical indicators are bearish. Stochs and RSI are showing a rollover from overbought levels.
Dip till trendline support at 1.07 likely. Violation there will see further downside. Next major support lies at 21W-EMA at 1.0663.
Support levels - 1.0715 (38.2% Fib), 1.07, 1.0663 (21W EMA)
Resistance levels - 1.0766 (200-DMA), 1.08, 1.0824 (55W EMA)
