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FxWirePro: EUR/CHF holds 5-DMA support at 1.1303, on track to test 110-EMA at 1.1359

EUR/CHF chart on Trading View used for analysis EUR/CHF resumes upside after brief pause on Friday's trade, up 0.16% at 0815 GMT. The pair is holding support at 5-DMA and is on track to test 110-EMA at 1.1359. Momentum s…

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FxWirePro: EUR/CHF holds 5-DMA support at 1.1303, on track to test 110-EMA at 1.1359
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EUR/CHF chart on Trading View used for analysis

  • EUR/CHF resumes upside after brief pause on Friday's trade, up 0.16% at 0815 GMT.
     
  • The pair is holding support at 5-DMA and is on track to test 110-EMA at 1.1359.
     
  • Momentum studies are bullish, Stochs and RSI are sharply higher. 
     
  • RSI is above 50 and biased higher. MACD also supports upside.
     
  • Cloud offers strong resistance, break above will propel the pair higher.

Support levels - 1.1308 (55-EMA), 1.1284 (21-EMA), 1.1274 (20-DMA)

Resistance levels - 1.1358 (110-EMA), 1.14, 1.1484 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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