EUR/CHF chart - Trading View
Technical Analysis: Bias Bearish
- EUR/CHF was trading largely unchanged on the day at 1.0953 at around 09:00 GMT
- The pair has formed successive spinning tops on the daily candles, suggesting indecision
- Downside has paused at cloud base support
- The pair finds strong support at 110-EMA (1.0936) and 20W MA (1.0939)
- Technical indicators are biased lower, momentum is still with the bears
- Price action is well below 200H MA and GMMA indicator shows bearish shift in near-term trend
Support levels - 1.0939 (20W MA), 1.0936 (110-EMA), 1.0849 (200-DMA)
Resistance levels - 1.0955 (5-DMA), 1.0988 (55-EMA), 1.0995 (21-EMA)
Summary: EUR/CHF trades with a bearish bias. However, the pair finds strong support till 1.0936. Watch out for break below for more weakness. On the flip side, bounce off 110-EMA support and retrace above 55-EMA will negate any further bearishness for the pair.
