FxWirePro: EUR/CHF extends sideways around 21-EMA, no clear directional bias

EUR/CHF chart - Trading View 

EUR/CHF is extending sideways trade, upside remains capped below 21-EMA.

The pair was trading largely muted at 1.0558 at around 11:55 GMT after closing largely unchanged in the previous session.

The single currency losing upside momentum, final March CPIs in Euroland, German IFO take center stage this week.

Major trend in the pair is bearish, no major signs of reversal seen, technical studies are inconclusive.

RSI shows bullish divergence with upside bias, while Stochs are sharply lower. 

Price action is edging away from lower Bollinger band on the weekly charts and break above 21-EMA will fuel further gains.

Next major hurdle aligns at 50-DMA at 1.0607. Break above eyes 23.6% Fib at 1.0650.

Supports on the downside are seen at 1.0523 (Mar 20 low) ahead of 1.0428 (Lower W BB).