EUR/CHF chart - Trading View
- EUR/CHF is trading 0.05% lower on the day at 1.1322 at 0655 GMT, bias bearish.
- Price action has slipped below 100-DMA and technical indictaors are biased lower.
- The pair is holding support at strong trendline support at 1.1318, break below will see further downside.
- RSI is below 50, Stochs are sharply lower. -ve DMI dominance adds to the bearish bias.
- Break below 1.1318 to see further weakness. Dip till 61.8% Fib at 1.1282 then likely.
- On the flipside, immediate resistance lies at 1.1333, break above could see upside till 55-EMA at 1.1343.
Support levels - 1.1318 (trendline), 1.1313 (cloud base, 50% Fib), 1.1282 (61.8% Fib)
Resistance levels - 1.1333 (100-DMA), 1.1343 (55-EMA), 1.1356 (110-EMA), 1.1375 (trendline)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
