EUR/CHF chart - Trading View
EUR/CHF was trading 0.05% lower on the day at 1.1000 at around 08:40 GMT, extending weakness for the 6th straight session.
The pair hit 5-week lows at 1.0992 before trimming some losses to trade at 1.10, outlook remains bearish.
The single currency found some bids after upbeat German Industrial Production data which showed that recovery in German manufacturing sector may have regained traction.
Data released earlier today showed Industrial Production in Germany rebounded sharply in February, to 3.6% MoM, beating expectations at 2.4% and compared to a-3.5% fall last month.
On an annualized basis, the German industrial production plunged by -6.4% in February versus a -4.0% drop recorded in January.
EUR/CHF trades with a bearish bias. The pair is testing cloud support. Break into daily cloud will drag the pair lower.
Next bear target lies at 55-EMA at 1.0977 ahead of 38.2% Fib at 1.0963. Bounce off cloud support and retrace above 5-DMA negates any bearish bias.


211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/CNY hits 15-month low , scope for further downside
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



