FxWirePro: EUR/CHF finds strong support at 1.1355, weakness on decisive break below

EUR/CHF chart on Trading View used for analysis

• EUR/CHF has retreated from 10-day highs at 1.1393 and is currently trading at 1.1357 at 1155 GMT.
   
• The pair has paused 2 satright sessions of gains, and has stiff resistance at 200-DMA at 1.1408.
   
• On the hourly charts, the pair is holding strong support at 1.1355 (converged cloud and 200 SMA).
   
• Break below 1.1355 will likely see weakness till 55-EMA at 1.1339. Breach there will see dip till 1.1182. 
   
• On the flipside, bounce off 1H 200-SMA and close above 20-DMA will see upside till 200-DMA at 1.1408.

Support levels - 1.1353 (21-EMA), 1.1339 (55-EMA), 1.13 (Feb 11 low)

Resistance levels - 1.1408 (200-DMA), 1.1419 (Feb 11 high), 1.1444 (Feb 5 high)

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