EUR/CHF chart - Trading View
Technical Analysis: Bias strongly bullish
Indicators in support of upside:
- RSI above 70 mark, bias higher
- Stohastics are sharply higher
- Bullish divergence on Stochastics on the daily charts
- Widening Bollinger bands which suggest rising volatility
- Price action above cloud, Chikou Span is biased higher
- GMMA shows minor trend is strongly bullish, while major trend is turning
Support levels - 1.0647 (110-EMA), 1.0609 (Cloud top), 1.0587 (55-EMA)
Resistance levels - 1.0715 (38.2% Fib), 1.0769 (200-DMA), 1.0827 (55W EMA)
Summary: EUR/CHF is on track for a second straight week of gains, bias strongly bullish. Next major bull target lies at 200-DMA at 1.0769. 'Death Cross' on the weekly charts may limit gains beyond.
