FxWirePro: EUR/CHF finds stiff resistance at 200-DMA (1.1656), upside only on break above

• EUR/CHF edges higher from 9-month lows at 1.1367, currently trades at 1.1630 levels.
   
• Upside was halted at 200-DMA which is stiff resistance for the pair at 1.1656.
   
• Technical indicators on daily charts have turned bullish and break above 200-DMA could see upside.
   
• Stochs are biased higher and MACD shows a bullish crossover on signal line. 
   
• Breakout at 200-DMA will see test of 55-EMA at 1.1718. ahead of cloud base at 1.1744.
   
• On the flipside, rejection at 200-DMA will see drag till 50% Fib at 1.1313 ahead of 61.8% Fib at 1.1150.

Support levels - 1.1584 (5-DMA), 1.1367 (2018 low), 1.1313 (50% Fib)

Resistance levels - 1.1656 (200-DMA), 1.1710 (100-DMA), 1.1718 (55-EMA)

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 92.1338 (Bullish), while Hourly CHF Spot Index was at -92.037 (Bearish) at 1100 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 

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