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EUR/CHF chart - Trading View
EUR/CHF is set to resumes weakness as recovery attempts in the pair have been rejected at stiff resistance at 55-EMA and daily cloud.
The pair was trading 0.05% lower on the day at 1.0541 at around 06:00 GMT, bias bearish.
Risk-off amid fresh US-China trade woes keeps haven demand for the Swiss Franc intact.
US diplomats allege China for the mishandling of the Coronavirus pandemic. Chinese dailies tried to turn down the allegations on Friday.
Technical studies support weakness in the pair. Analysis of GMMA indicator shows major trend is bearish and minor trend is neutral.
The pair is holding support at 20-DMA at 1.0541, break below will see further downside. 5-DMA caps upside at 1.0559. Bearish invalidation only above 55-EMA.
