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Chart - Courtesy Trading View
Technical Analysis:
- EUR/CHF was trading 0.24% lower on the day at 1.0204 at around 13:00 GMT
- The pair is on a bearish streak for the 6th straight session, hits fresh 9-day lows
- Price action is below major moving averages which are trending lower
- GMMA indicator shows major and minor trend are strongly bearish
- Momentum is with the bears and volatility is high
Support levels - 1.0131 (Lower W BB), 1.01, 0.9971 (yearly low)
Resistance levels - 1.0228 (20-DMA), 1.0245 (5-DMA), 1.0273 (21-EMA)
Summary: EUR/CHF trades with a bearish bias.
