Chart - Courtesy Trading View
EUR/CHF was trading 0.62% lower on the day at 0.9953 at around 12:00 GMT. The single currency remains unimpressed by upbeat ZEW surveys.
The pair is extending weakness for the 3rd consecutive session, outlook remains bearish. Scope for further downside.
Earlier in the session, final Germany inflation figures showed the CPI contracted 0.8% MoM in December and ws up 8.6% over the last twelve months.
The German ZEW headline numbers showed that the Economic Sentiment Index came in at 16.9 in January from -23.3 in December, beating expectations of -15.5.
Meanwhile, the Current Situation Index printed at -58.6 from -61.4 but missed the market expectation of -57.0
Further, the ZEW Economic Sentiment Index for the Eurozone for the same period rose to 16.7 from -23.6.
Technical bias for the pair is turning bearish. Price action has slipped below 200H MA. RSI show bearish rollover from overbought levels.
Price action has slipped below 5-DMA and is on track to test 200-DMA at 0.9931. Break below 200-DMA will drag the pair lower.


FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major European Indices
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro-Major European Indices 



